The Committee on Judiciary proposes the following amendment (LC-4670.HDB0002H):

Amend the bill, as and if amended, by striking all after the enacting words and inserting:

SECTION 1. Chapter 1, Title 15 of the S.C. Code is amended by adding:

 Section 15-1-350. (A) In the event of a time-limited demand for settlement of a claim, loss, or damage, made by or on behalf of a claimant, to a tortfeasor with a liability insurance policy, any such demand must be made in good faith, be reasonable in its terms, provide the insurer with sufficient information to evaluate the claim, and provide the insurer a reasonable time not less than thirty days from receipt of the demand in which to provide a response.
(B) Nothing in this section shall be construed to alter or affect the doctrine established in Tyger River Pine Co. v. Maryland Casualty Co., 163 S.C. 229, 161 S.E. 491 (1931).

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

Renumber sections to conform.

Amend title to conform.