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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 61-2-145 SO AS TO REQUIRE THAT A PERSON LICENSED TO SELL BEER, WINE, OR ALCOHOLIC LIQUORS FOR ON-PREMISES CONSUMPTION SHALL MAINTAIN LIABILITY INSURANCE WITH COVERAGE OF AT LEAST FIFTY THOUSAND DOLLARS DURING THE PERIOD OF LICENSURE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 2, Title 61 of the 1976 Code is amended by adding:
"Section 61-2-145. A person licensed to sell beer, wine, or alcoholic liquor for on-premises consumption is required to maintain liability insurance with coverage of at least fifty thousand dollars during the period of licensure. Failure to maintain this coverage constitutes grounds to suspend or revoke the permit or license.
Each insurer writing liability insurance to a person licensed to sell beer, wine, and alcoholic liquors for on-premises consumption shall notify the department in a manner prescribed by regulation of the lapse or termination of any liability insurance policy."
SECTION 2. This act takes effect upon approval by the Governor.
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