The bill H. 3266 aims to amend the South Carolina Code of Laws by adding Section 38-75-70, which establishes new protections for insured individuals regarding claims related to leaks. Specifically, the bill stipulates that insurers cannot deny a claim for a leak if it has occurred over an extended period, unless the insured was aware of the leak and did not take appropriate steps to repair or replace the source of the leak. This provision is designed to prevent insurers from denying claims based on the duration of the leak without considering the insured's knowledge and actions.

The bill will take effect upon approval by the Governor, reinforcing the rights of policyholders in South Carolina and ensuring that they are not unfairly penalized for leaks that they were not aware of. This legislative change reflects a commitment to consumer protection within the insurance industry.

Statutes affected:
12/05/2024: 38-75-70
Latest Version: 38-75-70
12/06/2024: 38-75-70