Bill Text: SC H3274 | 2023-2024 | 125th General Assembly | Introduced

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Bill Title: Insurance

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2023-01-10 - Referred to Committee on Labor, Commerce and Industry [H3274 Detail]

Download: South_Carolina-2023-H3274-Introduced.html

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South Carolina General Assembly
125th Session, 2023-2024

Bill 3274

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Indicates Matter Stricken
Indicates New Matter

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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

to amend the South Carolina Code of Laws by adding Section 38-75-70 so as to PREVENT AN INSURER FROM DENYING A CLAIM ARISING FROM A LEAK UNDER CERTAIN CIRCUMSTANCES.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1.Article 1, Chapter 75, Title 38 of the S.C. Code is amended by adding:

Section 38-75-70.An insurer may not deny a claim arising from a leak on the basis of the leak occurring over an extended period of time unless the insured had actual knowledge of the leak and failed to undertake actions to repair or replace the source of the leak.

SECTION 2.This act takes effect upon approval by the Governor.

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This web page was last updated on December 08, 2022 at 05:52 PM