Current Status Introducing Body:House Bill Number:3613 Ratification Number:217 Act Number:146 Primary Sponsor:Wilkins Type of Legislation:GB Subject:Motor vehicle insurance coverage Date Bill Passed both Bodies:Jun 04, 1991 Computer Document Number:DKA/3169.AL Governor's Action:S Date of Governor's Action:Jun 12, 1991 Introduced Date:Feb 27, 1991 Date of Last Amendment:May 30, 1991 Last History Body:------ Last History Date:Jun 12, 1991 Last History Type:Signed by Governor Scope of Legislation:Statewide All Sponsors:Wilkins Cato T.C. Alexander Type of Legislation:General Bill
Bill Body Date Action Description CMN ---- ------ ------------ ------------------------------ --- 3613 ------ Jun 12, 1991 Act No. 146 3613 ------ Jun 12, 1991 Signed by Governor 3613 ------ Jun 06, 1991 Ratified R 217 3613 House Jun 04, 1991 Concurred in Senate amendment, enrolled for ratification 3613 Senate May 30, 1991 Amended, read third time, returned with amendment 3613 Senate May 23, 1991 Read second time 3613 Senate May 16, 1991 Committee Report: Favorable 02 3613 Senate Apr 09, 1991 Introduced, read first time, 02 referred to Committee 3613 House Apr 05, 1991 Read third time, sent to Senate 3613 House Apr 04, 1991 Unanimous consent for third reading on next Legislative day 3613 House Apr 04, 1991 Amended, read second time 3613 House Mar 28, 1991 Committee Report: Favorable 26 with amendment 3613 House Feb 27, 1991 Introduced, read first time, 26 referred to CommitteeView additional legislative information at the LPITS web site.
(A146, R217, H3613)
AN ACT TO AMEND SECTION 38-77-285, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ALL AUTOMOBILE COVERAGE WRITTEN IN ONE POLICY, SO AS TO REQUIRE THAT THE SECTION APPLIES ONLY TO POLICIES COVERING VEHICLES ELIGIBLE TO BE CEDED TO THE REINSURANCE FACILITY; AND TO AMEND SECTION 56-10-280, RELATING TO INSURANCE TO MEET FINANCIAL RESPONSIBILITY REQUIREMENTS OF MOTOR VEHICLES, SO AS TO PROVIDE ADDITIONAL BASIS TO CANCEL POLICY.
Be it enacted by the General Assembly of the State of South Carolina:
Limitation on automobile insurance policies
SECTION 1. Section 38-77-285 of the 1976 Code, as added by Act 557 of 1990, is amended to read:
"Section 38-77-285. All automobile insurance coverages written by an insurer for an insured's automobile must be written in the same policy except that all automobile insurance policies in effect on the effective date of this section may continue in force until the expiration date of the policy. This section applies only to insurance policies covering vehicles eligible to be ceded to the Reinsurance Facility."
Additional grounds for cancellation of insurance
SECTION 2. Section 56-10-280 of the 1976 Code is amended to read:
"Section 56-10-280. (A) Contracts or policies of insurance issued to meet the financial responsibility requirements prescribed in this chapter must be issued for not less than six months. A contract or policy of insurance remains in effect at least sixty days notwithstanding a power of attorney which may purport to give the attorney-in-fact the right to effect cancellation on behalf of the insured. However, a contract or policy may be canceled within the first sixty days only under one or more of the following circumstances:
(1) A check or bank draft tendered by the insured for payment of premium is returned unpaid for insufficient funds or other reason by the insured's financial institution.
(2) The insured produces satisfactory proof from the Department of Highways and Public Transportation that he has sold or otherwise disposed of the insured vehicle or surrendered its tags and registration.
(3) The insured has secured another policy that meets the financial responsibility requirements prescribed in this chapter.
(B) This section does not prohibit refunds to the insured for cancellations after sixty days resulting from causes other than nonpayment of premium. Where an insurance company cancels a contract or policy pursuant to this section for nonpayment of premium under the circumstances in subsection (A) which occurs within the first sixty days, the insurance company or agent may charge and collect a fifteen-dollar penalty in addition to that otherwise provided by law, and the penalty charge is not a premium charge."
Time effective
SECTION 3. This act takes effect upon approval by the Governor.
Approved the 12th day of June, 1991.