Bill Text: SC H4733 | 2019-2020 | 123rd General Assembly | Introduced

South Carolina House Bill 4733 (Prior Session Legislation)

Introduced

Bill Title: Nonrenewal of homeowners insurance

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2020-01-14 - Referred to Committee on Labor, Commerce and Industry [H4733 Detail]

Download: South_Carolina-2019-H4733-Introduced.html

A BILL

TO AMEND SECTION 38-75-790, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE NONRENEWAL OF A HOMEOWNERS INSURANCE POLICY, SO AS TO PROHIBIT AN INSURER FROM RAISING THE RATES OF A HOMEOWNERS INSURANCE POLICY DUE TO A CLAIM FOR DAMAGES RESULTING FROM THE FAULT OF SOMEONE OTHER THAN THE INSURED.

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

SECTION 1. Section 38-75-790 of the 1976 Code is amended to read:

"Section 38-75-790. (A) No insurer may ~~nonrenew~~ refuse to renew a policy of homeowners insurance because the insured has filed a claim with that insurer for damages resulting from an act of God.

(B) No insurer may refuse to renew a policy of homeowners insurance or increase the premium on a policy of homeowners insurance because the insured has filed a claim with that insurer for damages resulting from an act of a party other than the insured."

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