Bill

Bill > H3771


SC H3771

SC H3771
Marine Recovery Insurance


summary

Introduced
01/16/2025
In Committee
01/16/2025
Crossed Over
Passed
Dead

Introduced Session

126th General Assembly

Bill Summary

Amend The South Carolina Code Of Laws By Adding Section 50-23-37 So As To Require Owners Of Certain Boats Anchored In The Waters Of This State To Maintain Marine Recovery Insurance On Their Boats, And To Provide Penalties For Violations.

AI Summary

This bill requires owners of boats anchored in South Carolina waters for more than fourteen days to obtain and maintain "marine recovery insurance," which is a type of insurance designed to cover boats. To get this insurance, boat owners must provide a recent survey, completed by a licensed surveyor within the last six months, confirming the boat is seaworthy and capable of operating as intended, meaning sailboats need working sails and powerboats need a working motor. Insurers will issue two watercraft stickers annually upon policy issuance or renewal, which must be displayed on the boat and include the year, insurance company, policy number, and boat registration number. After every three years, a new survey will be required for policy renewal. Violating these requirements is a misdemeanor, punishable by up to thirty days in jail and a fine of up to five hundred dollars.

Committee Categories

Business and Industry

Sponsors (16)

Last Action

Committee report: Favorable with amendment Labor, Commerce and Industry (on 04/02/2026)

bill text


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