The bill S. 26 proposes to amend the South Carolina Code of Laws by adding Section 50-21-107, which mandates that owners of watercraft with more than seventy horsepower must carry liability insurance with a minimum coverage of fifty thousand dollars per occurrence. The bill outlines the definition of "proof of insurance," which can be presented in an acceptable electronic format, and specifies that presenting this proof does not allow law enforcement to search the device without a warrant. It also establishes that it is unlawful for owners to operate such watercraft without the required insurance and sets forth penalties for violations, including fines and potential imprisonment for repeat offenders.

Additionally, the bill stipulates that applicants for watercraft title and registration must certify their insurance coverage, while insurance companies are not required to provide proof of insurance if coverage is included in a homeowner's policy. The legislation creates a rebuttable presumption of being uninsured if proof of insurance is not presented after an accident. Fines collected from violations will be directed to the general fund to support boater training and safety programs in the state. The act will take effect upon the Governor's approval.

Statutes affected:
12/11/2024: 50-21-107
01/29/2025: 50-21-107
Latest Version: 50-21-107