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 it is unlawful for owners to allow operation of their watercraft without the required insurance. Additionally, it establishes a rebuttable presumption of being uninsured if proof of insurance is not presented during an accident.

The legislation also sets forth penalties for violations, including fines ranging from fifty to one thousand dollars depending on the number of offenses, and potential imprisonment for repeat offenders. All fines collected will be directed to the general fund to support boater training and safety programs in the state. The bill is set to take effect upon the Governor's approval.

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