H 3564 General Bill, By Law
Summary: Insurer refusing to pay claim, liability for attorneys fees when without cause; number of days to pay reduced; Insurance
    A BILL TO AMEND SECTION 38-59-40, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO LIABILITY FOR ATTORNEYS' FEES WHERE AN INSURER HAS REFUSED TO PAY A CLAIM AND APPEALS FROM IT, SO AS TO REDUCE FROM NINETY TO FORTY-FIVE THE NUMBER OF DAYS CLAIMS MUST BE PAID AND ESTABLISH A FORTY-FIVE DAY REQUIREMENT FOR PAYMENT WHEN THE PARTIES HAVE REACHED A SETTLEMENT AGREEMENT REGARDING A CLAIM AGAINST THE INSURER.
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02/15/01	House	Introduced and read first time HJ-8
02/15/01	House	Referred to Committee on Judiciary HJ-8