A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 38-75-1000, RELATING TO COMMISSION PAID BY A TITLE INSURER, SO AS TO REMOVE THE CAP ON THE COMMISSION.

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

SECTION 1.   Section 38-75-1000 of the S.C. Code is amended to read:

   Section 38-75-1000.   A title insurer may not pay a commission, directly or indirectly, of greater than sixty percent on a title insurance policy.

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

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