The bill H. 4670 aims to amend the South Carolina Code of Laws by adding Section 15-1-350, which establishes specific requirements for time-limited demands related to tort claims, including personal injury, bodily injury, property damage, or wrongful death. The bill defines key terms such as "claimant," "tortfeasor," and "time-limited demand," and outlines the necessary components that must be included in such demands. These components include a written demand that specifies a monetary sum, the type of release to be executed, a description of the tort claims, and a deadline for acceptance, among other details. Additionally, the bill mandates that medical records and wage documentation be provided if applicable.

Furthermore, the bill stipulates that any time-limited demand that does not comply with the outlined requirements will not be considered a reasonable opportunity for settlement and will be inadmissible in lawsuits alleging extracontractual damages against the tortfeasor's liability insurer. It also allows for negotiation of nonmaterial terms without constituting a rejection of the demand and provides a timeline for acceptance and payment following the acceptance of the demand. The act will take effect upon approval by the Governor.

Statutes affected:
12/17/2025: 15-1-350
Latest Version: 15-1-350