Bill > H3267

This bill amends the South Carolina Code of Laws to update automobile insurance policy requirements, specifically increasing the mandatory bodily injury liability coverage limits. Currently, auto insurance policies must provide $25,000 for bodily injury to one person and $50,000 for bodily injury to multiple persons in a single accident, along with $25,000 for property damage. The bill adds a new provision requiring a $150,000 limit specifically for bodily injury resulting in death for each person involved. This means that if an automobile accident results in a fatality, the insurance policy must now cover up to $150,000 in damages for each deceased person, which represents a significant increase in the mandatory death benefit coverage. The changes will apply to all automobile insurance policies issued or delivered in South Carolina, and the bill will take effect upon approval by the Governor, potentially providing greater financial protection for families of accident victims.

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https://www.scstatehouse.gov/billsearch.php?billnumbers=3267&session=126&summary=B