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TO AMEND SUBARTICLE 5, ARTICLE 3, CHAPTER 71, TITLE 38 OF THE 1976 CODE, RELATING TO INDIVIDUAL ACCIDENT AND HEALTH INSURANCE POLICIES, BY ADDING SECTION 38-71-625, TO PROVIDE THAT AN INSURER MUST PROVIDE A DISCOUNT TO A POLICY HOLDER WHO HAS AND MAINTAINS A DECLARATION PURSUANT TO THE DEATH WITH DIGNITY ACT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Subarticle 5, Article 3, Chapter 71, Title 38 of the 1976 Code is amended by adding:
"Section 38-71-625. All insurers issuing accident or health policies, or combinations thereof, in this State, if the premiums on the policies are collected directly by mail on a quarterly, semiannual, or annual basis, shall provide a discounted premium to a policyholder who, at the time of entering into the insurance policy, has legally executed a declaration as provided in Chapter 77, Title 44. The discounted premium shall continue as long as the policyholder maintains a legally enforceable declaration."
SECTION 2. This act takes effect July 1, 2021 and applies to all applicable insurance policies issued on or after that date.
This web page was last updated on March 23, 2021 at 12:18 PM