S*0861(Rat #0527, Act #0504)  General Bill, By G. Smith
 A Bill to amend Section 38-75-310, as amended, Code of Laws of South Carolina,
 1976, relating to definitions for wind and hail insurance, so as to change the
 definitions of "coastal area" and "essential property insurance".-amended
 title

   09/27/93  Senate Prefiled
   09/27/93  Senate Referred to Committee on Banking and Insurance
   01/11/94  Senate Introduced and read first time SJ-22
   01/11/94  Senate Referred to Committee on Banking and Insurance SJ-22
   03/30/94  Senate Committee report: Favorable Banking and Insurance SJ-17
   03/31/94  Senate Amended SJ-307
   03/31/94  Senate Read second time SJ-308
   03/31/94  Senate Unanimous consent for third reading on next
                     legislative day SJ-308
   04/01/94  Senate Read third time and sent to House SJ-14
   04/05/94  House  Introduced and read first time HJ-53
   04/05/94  House  Referred to Committee on Labor, Commerce and
                     Industry HJ-53
   05/04/94  House  Committee report: Favorable with amendment Labor,
                     Commerce and Industry HJ-11
   05/25/94  House  Amended HJ-18
   05/25/94  House  Read second time HJ-19
   05/26/94  House  Read third time and returned to Senate with
                     amendments HJ-37
   05/27/94  Senate Non-concurrence in House amendment SJ-8
   05/31/94  House  House insists upon amendment and conference
                     committee appointed Reps. Rep. Richardson,
                     Thomas & Keegan HJ-3
   05/31/94  Senate Conference committee appointed Sens. Saleeby,
                     Courtney, G. Smith SJ-6
   06/01/94  Senate Free conference powers granted SJ-126
   06/01/94  Senate Free conference committee appointed Sens.
                     Saleeby, Courtney, G. Smith SJ-126
   06/01/94  Senate Free conference report received and adopted SJ-126
   06/02/94  House  Free conference powers granted HJ-23
   06/02/94  House  Free conference committee appointed Rep.
                     Richardson, Thomas & Keegan HJ-24
   06/02/94  House  Free conference report received and adopted HJ-24
   06/02/94  Senate Ordered enrolled for ratification SJ-38
   06/02/94         Ratified R 527
   09/01/94         Signed By Governor
   09/01/94         Effective date 09/01/94
   09/14/94         Copies available

AN ACT TO AMEND SECTION 38-75-310, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS FOR WIND AND HAIL INSURANCE, SO AS TO CHANGE THE DEFINITIONS OF "COASTAL AREA" AND "ESSENTIAL PROPERTY INSURANCE".

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

Definition of "coastal area" changed

SECTION 1. Section 38-75-310(5) of the 1976 Code is amended to read:

"(5) `Coastal area' means:

(a) all areas in Beaufort County and Colleton County which are east of the west bank of the intracoastal waterway;

(b) the following areas in Georgetown County: all areas between the Harrell Siau Bridge and Murrells Inlet which are east of a line paralleling and lying one hundred fifty feet east of U.S. Highway No. 17 Business, all areas in Murrells Inlet which are east of U.S. Highway No. 17 Business, and Cedar Island, North Island, and South Island;

(c) all areas in Horry County east of a line paralleling and lying one hundred fifty feet east of U. S. Highway No. 17 Business;

(d) the following areas in Charleston County: Edingsville Beach, Kiawah Island, Botany Bay Island, Folly Island, Seabrook Island, Morris Island, and all areas north of the city of Charleston which are east of the west bank of the intracoastal waterway."

Definition of "essential property insurance" changed

SECTION 2. Section 38-75-310(1) of the 1976 Code, as last amended by Act 469 of 1990, is further amended to read:

"(1) `Essential property insurance' means insurance against direct loss to property as defined and limited in the wind and hail insurance policy and forms approved by the commissioner; and after January 1, 1995, at the request of the insured, coverage for:

(a) actual loss of business income; or

(b) additional living expense; or

(c) fair rental value loss.

Prior to November 1, 1994, the South Carolina Wind and Hail Underwriting Association must file with the Commissioner for approval additional policy forms defining the terms of and providing coverage for actual loss of business income, additional living expense and fair rental value loss."

Time effective

SECTION 3. This act takes effect upon approval by the Governor.

Approved the 1st day of September, 1994.