Current Status Bill Number:View additional legislative information at the LPITS web site.3748 Ratification Number:439 Act Number:401 Introducing Body:House Subject:Relating to property and liability insurance
(A401, R439, H3748)
AN ACT AMEND SECTION 37-4-301, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY AND LIABILITY INSURANCE, SO AS TO PROVIDE THAT ANY CHARGE FOR INSURANCE AGAINST LOSS OF OR DAMAGE TO PROPERTY MAY BE SUBJECT TO A MINIMUM CHARGE OF TWO DOLLARS.
Be it enacted by the General Assembly of the State of South Carolina:
Minimum charge
SECTION 1. Section 37-4-301 of the 1976 Code, as last amended by Act 127 of 1985, is further amended by adding:
"(3) Any charge for insurance against loss of or damage to property may be subject to a minimum charge of two dollars."
Time effective
SECTION 2. This act shall take effect upon approval by the Governor.