summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
126th General Assembly
Bill Summary
Amend The South Carolina Code Of Laws By Amending Section 38-2-10, Relating To Administrative Penalties For Violations Of State And Federal Insurance Laws In This State, So As To Increase Penalties For Violations By Insurers, Pharmacy Benefits Managers, And Health Maintenance Organizations; And By Amending Section 38-71-2210, Relating To License Requirements For Pharmacy Benefits Managers, So As To Increase License Application And Renewal Fees.
AI Summary
This bill amends two sections of South Carolina insurance law to increase penalties and fees for insurers, pharmacy benefits managers (PBMs), and health maintenance organizations (HMOs). Specifically, the bill increases the maximum administrative fine for violations by insurers, PBMs, and HMOs from $15,000 to $25,000 for standard violations, and from $30,000 to $250,000 for willful violations. Additionally, the bill raises the initial application fee for PBMs from $1,000 to $25,000 and the annual renewal fee from $500 to $10,000. The bill also maintains detailed application requirements for PBMs, including disclosure of business structure, ownership information, contact details, and potential legal history. These changes aim to strengthen regulatory oversight and increase financial accountability in the state's insurance and healthcare management sectors. The bill will take effect upon approval by the Governor.
Committee Categories
Business and Industry
Sponsors (8)
Heath Sessions (R)*,
Val Guest (R),
Jay Kilmartin (R),
Brian Lawson (R),
Cody Mitchell (R),
Tommy Pope (R),
Bill Taylor (R),
Joe White (R),
Last Action
Member(s) request name added as sponsor: Lawson (on 02/04/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=4792&session=126&summary=B |
| Fiscal Note - H4792 2026-01-13 Introduced | https://www.scstatehouse.gov/sess126_2025-2026/fiscalimpactstatements/H4792%202026-01-13%20introduced.pdf |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/4792_20251217.htm |
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