The bill H. 3266 aims to amend the South Carolina Code of Laws by adding a new section, 38-75-70, which prohibits insurers from denying claims related to leaks under specific conditions. According to the proposed legislation, an insurer cannot deny a claim on the grounds that the leak occurred over an extended period unless the insured was aware of the leak and did not take appropriate actions to repair or replace the source of the leak.

This bill seeks to provide greater protection for policyholders by ensuring that they are not penalized for claims related to leaks that they were unaware of, thereby promoting fairness in the insurance claims process. The act will take effect upon approval by the Governor.

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