<p> 1 South Carolina General Assembly 2 115th Session, 2003-2004 3 4 S. 499 5 6 STATUS INFORMATION 7 8 General Bill 9 Sponsors: Senators Reese and Ford 10 Document Path: l:\council\bills\bbm\9558sl03.doc 11 Companion/Similar bill(s): 507 12 13 Introduced in the Senate on March 19, 2003 14 Currently residing in the Senate Committee on Judiciary 15 16 Summary: Workers' compensation, insurance deductibles, maximum compensation claim 17 18 19 HISTORY OF LEGISLATIVE ACTIONS 20 21 Date Body Action Description with journal page number 22 3/19/2003 Senate Introduced and read first time SJ-6 23 3/19/2003 Senate Referred to Committee on Judiciary SJ-6 24 25 26 VERSIONS OF THIS BILL 27 28 3/19/2003 29 1 2 3 4 5 6 7 8 9 A BILL 10 11 TO AMEND SECTION 38-73-515, CODE OF LAWS OF 12 SOUTH CAROLINA, 1976, RELATING TO WORKERS’ 13 COMPENSATION INSURANCE DEDUCTIBLES, SO AS TO 14 INCREASE THE MAXIMUM FROM TWO THOUSAND FIVE 15 HUNDRED DOLLARS TO FIVE THOUSAND DOLLARS FOR 16 EACH COMPENSABLE CLAIM. 17 18 Be it enacted by the General Assembly of the State of South 19 Carolina: 20 21 SECTION 1. Section 38-73-515(A) of the 1976 Code is amended 22 to read: 23 24 “(A) Each insurer issuing a policy of workers’ compensation 25 insurance shall offer, as a part of the policy or as an optional 26 endorsement to the policy, deductibles optional to the policyholder 27 for benefits payable under Title 42. Deductible amounts offered 28 must be disclosed fully to the prospective policyholder in writing 29 in the amount of one hundred dollars, two hundred dollars, three 30 hundred dollars, four hundred dollars, five hundred dollars, or 31 increments of five hundred dollars up to a maximum of two 32 thousand five hundred five thousand dollars for each compensable 33 claim. The policyholder exercising the deductible option shall 34 choose only one deductible amount.” 35 36 SECTION 2. This act takes effect upon approval by the 37 Governor. 38 ----XX---- 39</p><p>1 [499] 1</p>