Bill Text: SC H3414 | 2021-2022 | 124th General Assembly | Introduced

South Carolina House Bill 3414 (Prior Session Legislation)

Introduced

Bill Title: Insurance

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-01-12 - Referred to Committee on Labor, Commerce and Industry [H3414 Detail]

Download: South_Carolina-2021-H3414-Introduced.html

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-75-70 SO AS TO PREVENT AN INSURER FROM DENYING A CLAIM ARISING FROM A LEAK UNDER CERTAIN CIRCUMSTANCES.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Article 1, Chapter 75, Title 38 of the 1976 Code is amended by adding:

"Section 38-75-70. An insurer may not deny a claim arising from a leak on the basis of the leak occurring over an extended period of time unless the insured had actual knowledge of the leak and failed to undertake actions to repair or replace the source of the leak."

SECTION 2. This act takes effect upon approval by the Governor.