SC H3487

Changes the Director of the Department of Insurance from a Governor-appointed position to one elected by voters in the general election, with a four-year term beginning the first Wednesday following the second Tuesday in January after the election

Requires the director to be at least 30 years old, prohibits holding other public office while serving, and mandates severance of all connections to insurance companies or agencies before taking office

Prohibits candidates for or persons elected as director from accepting campaign contributions or anything of value from insurance companies, their subsidiaries, insurance agents, or other regulated insurance professionals and their employees or immediate family members

Gubernatorial appointments will fill vacancies for the unexpired portion of a term

The first election for this position will occur during the 2028 statewide election, with the current director continuing to serve until a successor is elected and qualified