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Indicates Matter Stricken
Indicates New Matter
S. 1036
STATUS INFORMATION
General Bill
Sponsors: Senators Cromer and Alexander
Document Path: l:\council\bills\jn\3153ph20.docx
Introduced in the Senate on January 23, 2020
Currently residing in the Senate Committee on Banking and Insurance
Summary: SC Act Concerning Interpretation of Insurance Laws
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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1/23/2020 Senate Introduced and read first time (Senate Journal-page 4)
1/23/2020 Senate Referred to Committee on Banking and Insurance
(Senate Journal-page 4)
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 38-1-40 SO AS TO ADOPT THE "SOUTH CAROLINA ACT CONCERNING INTERPRETATION OF INSURANCE LAWS".
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 1, Title 38 of the 1976 Code is amended by adding:
"Section 38-1-40. (A) This act is known and may be cited as the 'South Carolina Act Concerning Interpretation of Insurance Laws'.
(B) A statement of the law in the American Law Institute's 'Restatement of the Law, Liability Insurance' does not constitute the law or public policy of this State if the statement of the law is inconsistent or in conflict with, or otherwise not addressed by:
(1) the Constitution of the United States or of this State;
(2) a statute of this State;
(3) this state's case law precedent; or
(4) other common law that may have been adopted by this State."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on
January 27, 2020 at 1:55 PM