Current Status Bill Number:931 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19960109 Primary Sponsor:Bryan All Sponsors:Bryan, Elliott, Leatherman Drafted Document Number:RES9791.JEB Residing Body:Senate Current Committee:Banking and Insurance Committee 02 SBI Subject:Motor vehicle liability policy requirements
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
Senate 19960109 Introduced, read first time, 02 SBI
referred to Committee
Senate 19951010 Prefiled, referred to Committee 02 SBI
View additional legislative information at the LPITS web site.
TO AMEND SECTION 56-9-20, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROVISIONS WHICH ARE DEEMED INCORPORATED INTO A MOTOR VEHICLE LIABILITY POLICY, SO AS TO PROVIDE THAT THE INSURANCE CARRIER MUST PROVIDE NOT LESS THAN TEN DAYS' WRITTEN NOTICE TO THE OWNER BEFORE SETTLING A CLAIM COVERED BY THE POLICY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 56-9-20(7)(b)(5) of the 1976 Code is amended to read:
"(5) The Upon providing not less than ten days' written notice to the owner, the insurance carrier shall have the right to may settle any claim covered by the policy, and if the settlement is made in good faith, the amount thereof shall be deductible from the limits of liability specified in Section 38-77-140; and"
SECTION 2. This act takes effect upon approval by the Governor.