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 steps to repair or replace the source of the leak.

This bill seeks to protect policyholders from unfair claim denials by ensuring that they are not penalized for leaks that they were unaware of, provided they act responsibly once they become aware of such issues. 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