Bill Text: SC S0607 | 2017-2018 | 122nd General Assembly | Introduced


Bill Title: Arbitrators of property damage liability claims

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-04-04 - Referred to Committee on Banking and Insurance [S0607 Detail]

Download: South_Carolina-2017-S0607-Introduced.html


A BILL

TO AMEND SECTION 38-77-720(b) AND (c) OF THE 1976 CODE, RELATING TO THE NUMBER, QUALIFICATIONS, AND COMPENSATION OF ARBITRATORS OF PROPERTY DAMAGE LIABILITY CLAIMS, TO INCREASE THE MAXIMUM AMOUNT OF COMPENSATION AND TO INCREASE CERTAIN FEES.

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

SECTION    1.    Sections 38-77-720(b) and (c) of the 1976 Code is amended to read:

"(b)    Each arbitrator assigned to determine the claim may be compensated, not to exceed thirty-five one hundred twenty-five dollars for his services and time, payable out of the funds of the court and which may not be taxable as costs to either party.

(c)    The claimant who is the moving party in seeking arbitration shall pay to the clerk of court a fee of ten twenty dollars. Five Ten dollars must be retained by the clerk as the cost of filing the claim and final judgment and five ten dollars must be used to pay the cost of service on the other party or parties."

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

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