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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-78-55 SO AS TO PROVIDE THAT A PREEXISTING CONDITION ON PROPERTY COVERED UNDER A SERVICE CONTRACT MAY NOT BE CLASSIFIED AS A PREEXISTING CONDITION THIRTY DAYS AFTER THE PROVIDER PROVIDES NOTICE OF THE PREEXISTING CONDITION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 78, Title 38 of the 1976 Code is amended by adding:
"Section 38-78-55. A provider who discovers a defect on the property covered under a service contact before the effective date of the contract must notify the contract holder of the preexisting condition. No more than thirty days after the contract holder receives the notice the property must be treated as if the defect did not exist under the terms of the service contract."
SECTION 2. This act takes effect upon approval by the Governor.
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