Bill > S0727

This bill amends South Carolina insurance law to prohibit insurance companies from raising an insured driver's premium solely because they filed a claim under their uninsured or underinsured motorist (UM/UIM) coverage, provided the insured driver was not at fault in the accident. Uninsured motorist coverage is a type of auto insurance that protects drivers if they are involved in an accident with a driver who does not have insurance, while underinsured motorist coverage helps when the at-fault driver's insurance is insufficient to cover the damages. The bill aims to protect consumers by ensuring that drivers who are not responsible for an accident and who use their insurance as intended will not be financially penalized through premium increases. The legislation would take effect immediately upon receiving the Governor's approval, adding a new provision to Section 38-77-150 of the South Carolina Code of Laws that prevents insurers from unfairly increasing premiums after a no-fault UM/UIM claim.

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https://www.scstatehouse.gov/billsearch.php?billnumbers=0727&session=126&summary=B