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Indicates Matter Stricken
Indicates New Matter
S. 607
STATUS INFORMATION
General Bill
Sponsors: Senator Timmons
Document Path: l:\s-res\wrt\003arbi.sp.wrt.docx
Introduced in the Senate on April 4, 2017
Currently residing in the Senate Committee on Banking and Insurance
Summary: Arbitrators of property damage liability claims
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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4/4/2017 Senate Introduced and read first time (Senate Journal-page 3)
4/4/2017 Senate Referred to Committee on Banking and Insurance
(Senate Journal-page 3)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SECTION 38-77-720(b) AND (c) OF THE 1976 CODE, RELATING TO THE NUMBER, QUALIFICATIONS, AND COMPENSATION OF ARBITRATORS OF PROPERTY DAMAGE LIABILITY CLAIMS, TO INCREASE THE MAXIMUM AMOUNT OF COMPENSATION AND TO INCREASE CERTAIN FEES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Sections 38-77-720(b) and (c) of the 1976 Code is amended to read:
"(b) Each arbitrator assigned to determine the claim may be compensated, not to exceed thirty-five one hundred twenty-five dollars for his services and time, payable out of the funds of the court and which may not be taxable as costs to either party.
(c) The claimant who is the moving party in seeking arbitration shall pay to the clerk of court a fee of ten twenty dollars. Five Ten dollars must be retained by the clerk as the cost of filing the claim and final judgment and five ten dollars must be used to pay the cost of service on the other party or parties."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on
April 7, 2017 at 3:21 PM