The bill H. 4143 proposes an amendment to Section 38-77-140 of the South Carolina Code of Laws, which pertains to automobile insurance policies. The primary change involves increasing the limits for bodily injury and property damage coverage. Specifically, the limit for bodily injury to one person in an accident will rise from twenty-five thousand dollars to thirty thousand dollars, and the limit for property damage will also increase from twenty-five thousand dollars to thirty thousand dollars. The limit for bodily injury to two or more persons in an accident will remain at fifty thousand dollars.
This amendment aims to enhance the financial protection provided by automobile insurance policies in South Carolina, ensuring that policyholders have higher coverage limits in the event of accidents. The bill will take effect upon approval by the Governor.
Statutes affected: 03/05/2025: 38-77-140
Latest Version: 38-77-140