Bill > H4101

This bill amends South Carolina insurance law by adding a new section (38-77-410) that establishes clear rules for insurance coverage when someone operates a rented or leased vehicle. Specifically, the bill requires that an insurance policy covering a person operating a rented or leased vehicle becomes the primary insurance source, taking precedence over other potential insurance policies. This means the renter's insurance policy must be used first and its limits must be fully exhausted before any other insurance policies (such as those held by the rental company or its affiliates) can be tapped for coverage. The bill applies to various types of financial responsibility, including motor vehicle insurance policies held by rental companies, qualified self-insurers, and bonds posted by rental companies. The new law will take effect immediately upon approval by the Governor, providing clarity and a standardized approach to insurance coverage for rental vehicle situations in South Carolina.

Business and Industry

https://www.scstatehouse.gov/billsearch.php?billnumbers=4101&session=126&summary=B