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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-75-240 SO AS TO REQUIRE CERTAIN CONDITIONS FOR COVERAGE AND TERMINATION FOR AN INSURER WHO IS LICENSED TO ISSUE HAZARD INSURANCE IN THIS STATE ON A MOBILE HOME.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 3, Chapter 75, Title 38 of the 1976 Code is amended by adding:
"Section 38-75-240. (A) An insurer who is licensed to issue hazard insurance on a mobile home:
(1) may not terminate this policy in some counties and not in others;
(2) must use the definition of 'coastal area' as provided in Section 38-75-310(5); and
(3) is required to give notice of termination for a period equal to the length of the original policy period.
(B) An insurer who refuses to issue a hazard insurance policy based on the location of the mobile home in a certain county of this State may not issue this policy in any other county."
SECTION 2. This act takes effect upon approval by the Governor.
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