A bill

 

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 38-77-158 SO AS TO PROVIDE AUTOMOBILE INSURANCE CARRIERS THAT OFFER OPTIONAL NEW CAR REPLACEMENT COVERAGE SHALL MAKE AN OFFER OF SUCH COVERAGE ON THE OPTIONAL COVERAGES FORM.

 

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

 

SECTION 1.  Article 3, Chapter 77, Title 38 of the S.C. Code is amended by adding:

 

    Section 38-77-158. An automobile insurance carrier that offers optional new car replacement coverage for automobiles shall make an offer of such coverage on the optional coverages form provided in Section 38-77-350. For purposes of this chapter, "new car replacement coverage" means coverage of the cost of replacing an insured vehicle that has been totaled with the same vehicle in the event of a covered loss.

 

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

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