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SC H4789

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

John Mccravy

Click for details

Origin

House of Representatives

126th General Assembly

AI Summary

  • Establishes May 1st as the deadline for filing the annual group capital calculation required under the Insurance Holding Company Regulatory Act
  • Amends Section 38-21-225(B) of the South Carolina Code regarding insurance holding company registration requirements
  • Requires the ultimate controlling person of insurers subject to registration to file the group capital calculation with the lead state commissioner in accordance with NAIC Group Capital Calculation instructions
  • Takes effect upon approval by the Governor

Legislative Description

Captive Insurance companies

Last Action

Referred to Committee on Labor, Commerce and Industry

1/13/2026

Committee Referrals

Labor, Commerce and Industry12/16/2025

Full Bill Text

No bill text available