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H. 4070
STATUS INFORMATION
General Bill
Sponsors: Rep. Finlay
Document Path: l:\council\bills\agm\19160wab17.docx
Introduced in the House on March 30, 2017
Currently residing in the House Committee on Labor, Commerce and Industry
Summary: Insurance
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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3/30/2017 House Introduced and read first time (House Journal-page 7)
3/30/2017 House Referred to Committee on Labor, Commerce and Industry
(House Journal-page 7)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 56-31-70 SO AS TO PROVIDE AN INSURANCE POLICY THAT COVERS A PERSON WHO OPERATES A RENTED OR LEASED MOTOR VEHICLE, REGARDLESS OF THE LIMITATIONS OR EXCLUSIONS IN THE OPERATOR'S POLICY, IS PRIMARY TO A MOTOR VEHICLE INSURANCE POLICY IN WHICH A NAMED INSURED IS A MOTOR VEHICLE RENTAL COMPANY OR AFFILIATE OF SUCH COMPANY, A QUALIFIED SELF-INSURER, AND A BOND POSTED BY A RENTAL COMPANY OR AFFILIATE OF SUCH COMPANY, FOR FINANCIAL RESPONSIBILITY COMPLIANCE PURPOSES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 31, Title 56 of the 1976 Code is amended by adding:
"Section 56-31-70. (A) An insurance policy that covers a person operating a rented or leased vehicle, regardless of the limitations or exclusions in the operator's policy, is primary to:
(1) a motor vehicle insurance policy in which the named insured is a rental company or affiliate of the rental company;
(2) a qualified self-insurer, as defined in Section 56-9-60, a rental company, or an affiliate of the rental company; and
(3) a bond posted by a rental company or an affiliate of the rental company for the purpose of complying with financial responsibility.
(B) The limits of the primary policy must be exhausted before there may be a recovery under a policy issued to or against other financial responsibility maintained by a rental company."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on
April 3, 2017 at 3:34 PM