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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-5-210 SO AS TO PROHIBIT AN INSURANCE COMPANY FROM CONSIDERING AN INDIVIDUAL'S CREDIT RATING IN DETERMINING AN INDIVIDUAL'S INSURANCE RATE FOR ANY LINE OF INSURANCE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 5, Title 38 of the 1976 Code is amended by adding:
"Section 38-5-210. Notwithstanding any other provision of law, an insurance company doing business in this State may not consider an individual's credit report or credit rating in determining or adjusting an individual's insurance rate for any line of insurance."
SECTION 2. This act takes effect upon approval by the Governor.
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