South Carolina General Assembly
113th Session, 1999-2000

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Bill 4350

Indicates Matter Stricken
Indicates New Matter

                    Current Status

Bill Number:                      4350
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  20000111
Primary Sponsor:                  T. Brown
All Sponsors:                     T. Brown
Drafted Document Number:          l:\council\bills\nbd\11581ac00.doc
Residing Body:                    House
Current Committee:                Labor, Commerce and Industry Committee 26 
                                  HLCI
Subject:                          Motor vehicle insurance coverage, insurer 
                                  to offer option of collision coverage in 
                                  amount of loan balance


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   20000111  Introduced, read first time,           26 HLCI
                  referred to Committee
House   19991215  Prefiled, referred to Committee        26 HLCI


                             Versions of This Bill
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 38-77-280, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976 RELATING TO COLLISION AND COMPREHENSIVE AUTOMOBILE INSURANCE COVERAGE, SO AS TO REQUIRE AN AUTOMOBILE INSURER TO OFFER THE OPTION OF COLLISION COVERAGE IN THE AMOUNT OF THE OUTSTANDING LOAN ON THE MOTOR VEHICLE.

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

SECTION 1. Section 38-77-280 of the 1976 Code, as last amended by Act 154 of 1997, is further amended by adding at the end:

"(E) An automobile insurer must offer an insured or a qualified applicant, at rates and under such rules as have been approved by the director, the option of collision coverage in the amount of the outstanding loan on the motor vehicle. The insurer shall fully disclose the collision coverage options available."

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

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