(A) The Director of Insurance shall appoint an advisory committee to the director to study issues associated with the development of strategies for reducing loss of life and to address the mitigation of property losses due to hurricane, earthquake, flood, and fire. The advisory committee also shall consider the associated costs to individual property owners. The advisory committee is composed of:
(1) the director or his designee;
(2) the Chairman of the Building Codes Council or his designee;
(3) a representative from Clemson University involved with wind engineering;
(4) a representative from an academic institution involved with the study of earthquakes;
(5) a representative from an insurer writing property insurance in South Carolina;
(6) a representative from the Department of Commerce;
(7) a representative from the South Carolina's Municipal Association;
(8) a representative from the South Carolina Association of Counties;
(9) a representative from the Homebuilders Association;
(10) a representative from the Manufactured Housing Institute of South Carolina;
(11) a representative from the State Fire Marshal's office;
(12) a representative from the South Carolina Emergency Management Division;
(13) a representative from the State Flood Mitigation Program;
(14) two at-large members appointed by the director;
(15) two at-large members appointed by the Governor;
(16) a general contractor;
(17) a representative from the South Carolina Association of Realtors; and
(18) a structural engineer.
(B) Members shall serve for terms of two years and shall receive no per diem, mileage, or subsistence. Vacancies must be filled in the same manner as the original appointment.
(C) Within thirty days after its appointment, the advisory committee shall meet at the call of the Director of Insurance. The advisory committee shall elect from its members a chairman and a secretary and shall adopt rules not inconsistent with this chapter. Meetings may be called by the chairman on his own initiative and must be called at the request of three or more members of the advisory committee. All members must be notified by the chairman of the time and place of the meeting at least seven days in advance of the meeting. All meetings must be open to the public. At least two-thirds vote of those members in attendance at the meeting shall constitute an official decision of the advisory committee. Implementation of this program and continued existence of this program is subject to the availability of funding through legislative appropriations or alternative funding sources.
HISTORY: 1997 Act No. 123, Section 5; 2000 Act No. 312, Section 20; 2002 Act No. 190, Section 6, eff March 12, 2002; 2007 Act No. 78, Section 11, eff June 11, 2007, applicable to taxable years beginning after December 31, 2006; 2017 Act No. 28 (S.315), Section 1, eff May 10, 2017.
Effect of Amendment
2017 Act No. 28, Section 1, in (A), deleted "and the South Carolina Building Codes Council" following "to the director", substituted "to address the mitigation of" for "mitigating", inserted "flood," after "earthquake,", and substituted "associated costs" for "costs associated with these strategies".
Structure South Carolina Code of Laws
Chapter 75 - Property, Casualty, And Title Insurance Generally
Section 38-75-40. Validity of additional or coinsurance clause.
Section 38-75-50. Clause limiting or invalidating policies if property is encumbered is void.
Section 38-75-60. Cause of action by insurer against tenant.
Section 38-75-220. Restrictions on amount of insurance that may be written.
Section 38-75-230. Information required on contracts for purchase of mobile homes.
Section 38-75-310. Definitions.
Section 38-75-320. Declaration of purpose.
Section 38-75-330. South Carolina Wind and Hail Underwriting Association created; members.
Section 38-75-340. Plan of operation.
Section 38-75-350. Application for coverage; issuance of policy.
Section 38-75-360. Powers of Association.
Section 38-75-370. Duties of members of Association; limitation on liability.
Section 38-75-380. Liability for inspections and statements concerning risk.
Section 38-75-385. Liability for acts or omissions under this article.
Section 38-75-386. Essential property insurance; liability for acts and omissions.
Section 38-75-390. Cession of essential property insurance to Association.
Section 38-75-410. Appeals; hearings upon appeal.
Section 38-75-420. Reports of inspection by Association.
Section 38-75-440. Examination into affairs of Association.
Section 38-75-450. Regulations.
Section 38-75-470. Appointment of advisory committee; duties; membership.
Section 38-75-480. Loss mitigation grant program; establishment; purpose.
Section 38-75-485. South Carolina Hurricane Damage Mitigation Program; grant eligibility and use.
Section 38-75-710. Scope of article.
Section 38-75-720. Definitions.
Section 38-75-740. Restrictions on nonrenewal of policies.
Section 38-75-750. Requirements for renewal of policies.
Section 38-75-755. Notification to applicants or renewing policyholders.
Section 38-75-760. Unlawful practices involving cancellation, nonrenewal, or renewal of policies.
Section 38-75-770. Notice requirements for eligible surplus lines insurers.
Section 38-75-775. Coverage of licensed health care providers.
Section 38-75-790. Nonrenewal of homeowners insurance.
Section 38-75-905. Definitions.
Section 38-75-910. Limitation of risk on title insurance.
Section 38-75-920. Title insurers to maintain reinsurance reserve.
Section 38-75-930. Insolvency of domestic title insurer.
Section 38-75-940. Loss and loss expense reserves.
Section 38-75-950. Obtaining reinsurance.
Section 38-75-960. Financial interest in title insurer or agent.
Section 38-75-970. Premium rates.
Section 38-75-980. Filing of premium rate schedules.
Section 38-75-1000. Restrictions on amount of commission.
Section 38-75-1120. Report on coastal insurance issues.
Section 38-75-1130. Scope of article.
Section 38-75-1150. Separate premium for fire and allied lines coverage.
Section 38-75-1160. Notice requirement prior to cancellation or refusal to renew; exceptions.
Section 38-75-1180. Notice of reasons for cancellation or nonrenewal.
Section 38-75-1190. Immunity from liability absent malice or gross negligence.
Section 38-75-1200. Notice regarding cancellation in application for original issuance of policy.
Section 38-75-1230. Wind and hail exclusions on fire, allied lines, or homeowner's policy.
Section 38-75-1240. Provision to director of underwriting restrictions.