summary
Introduced
01/14/2025
01/14/2025
In Committee
01/14/2025
01/14/2025
Crossed Over
Passed
Dead
Introduced Session
126th General Assembly
Bill Summary
Amend The South Carolina Code Of Laws By Adding Section 38-75-70 So As To Prevent An Insurer From Denying A Claim Arising From A Leak Under Certain Circumstances.
AI Summary
This bill amends South Carolina insurance law by adding a new section that prevents insurance companies from denying claims related to water leaks based solely on the duration of the leak. Specifically, an insurer cannot reject a claim if a leak has occurred over an extended period of time, unless the policyholder knew about the leak and deliberately chose not to repair or replace the source of the leak. This provision aims to protect homeowners from claim denials in situations where a leak might have developed gradually but was not intentionally ignored. The bill would take effect immediately upon receiving the Governor's approval, providing a new layer of consumer protection in insurance coverage for water-related damage.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to Committee on Labor, Commerce and Industry (on 01/14/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=3266&session=126&summary=B |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/3266_20241205.htm |
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