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H. 4495
STATUS INFORMATION
General Bill
Sponsors: Reps. Rutherford, Clyburn and Hosey
Document Path: l:\council\bills\nbd\11159cz16.docx
Introduced in the House on January 12, 2016
Currently residing in the House Committee on Labor, Commerce and Industry
Summary: Flood insurance
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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12/3/2015 House Prefiled
12/3/2015 House Referred to Committee on Labor, Commerce and Industry
1/12/2016 House Introduced and read first time (House Journal-page 82)
1/12/2016 House Referred to Committee on Labor, Commerce and Industry
(House Journal-page 82)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-75-70 SO AS TO ESTABLISH THAT A PROPERTY OWNER WHO IS REQUIRED TO CARRY FLOOD INSURANCE ON REAL PROPERTY MAY NOT BE REQUIRED TO MAINTAIN THIS COVERAGE IF THIS PROPERTY IS NOT AFFECTED BY CERTAIN FLOODING EVENTS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 1, Chapter 75, Title 38 of the 1976 Code is amended by adding:
"Section 38-75-70. A property owner who is required to carry flood insurance on real property may not be required to maintain this insurance if the property is not affected by a flooding event that results in a major disaster where a state of emergency is declared. This provisions of this section apply retroactively for the two years prior to the enactment of this section."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on
January 14, 2016 at 10:23 AM