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H. 3778
STATUS INFORMATION
General Bill
Sponsors: Reps. Frye, Spires, Merrill, Toole, Loftis, Hixon, Pitts and Willis
Document Path: l:\council\bills\bbm\10087ab11.docx
Introduced in the House on March 2, 2011
Currently residing in the House Committee on Labor, Commerce and Industry
Summary: Automobile insurance
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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3/2/2011 House Introduced and read first time (House Journal-page 9)
3/2/2011 House Referred to Committee on Labor, Commerce and Industry
(House Journal-page 10)
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-73-750 SO AS TO REQUIRE AUTOMOBILE INSURERS TO NOTIFY INSUREDS WHEN PREMIUMS ARE INCREASED RESULTING FROM CHANGES IN A CREDIT REPORT OF THE INSURED AND REQUIRE THE INSURER TO SEND A COPY OF THE CREDIT REPORT WHEN NOTIFYING THE INSURED.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 7, Chapter 73, Title 38 of the 1976 Code is amended by adding:
"Section 38-73-750. If the premiums of an insured are increased by an automobile insurer because of a credit report, the insurer shall notify the insured of this fact and include a copy of the credit report of the insured upon which the insurer based its premium increase at no cost to the insured."
SECTION 2. This act takes effect upon approval by the Governor.
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