Bill Text: SC H4070 | 2017-2018 | 122nd General Assembly | Introduced

South Carolina House Bill 4070 (Prior Session Legislation)

Introduced

Bill Title: Insurance

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-03-30 - Referred to Committee on Labor, Commerce and Industry [H4070 Detail]

Download: South_Carolina-2017-H4070-Introduced.html

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 56-31-70 SO AS TO PROVIDE AN INSURANCE POLICY THAT COVERS A PERSON WHO OPERATES A RENTED OR LEASED MOTOR VEHICLE, REGARDLESS OF THE LIMITATIONS OR EXCLUSIONS IN THE OPERATOR'S POLICY, IS PRIMARY TO A MOTOR VEHICLE INSURANCE POLICY IN WHICH A NAMED INSURED IS A MOTOR VEHICLE RENTAL COMPANY OR AFFILIATE OF SUCH COMPANY, A QUALIFIED SELF-INSURER, AND A BOND POSTED BY A RENTAL COMPANY OR AFFILIATE OF SUCH COMPANY, FOR FINANCIAL RESPONSIBILITY COMPLIANCE PURPOSES.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Chapter 31, Title 56 of the 1976 Code is amended by adding:

"Section 56-31-70. (A) An insurance policy that covers a person operating a rented or leased vehicle, regardless of the limitations or exclusions in the operator's policy, is primary to:

(1) a motor vehicle insurance policy in which the named insured is a rental company or affiliate of the rental company;

(2) a qualified self-insurer, as defined in Section 56-9-60, a rental company, or an affiliate of the rental company; and

(3) a bond posted by a rental company or an affiliate of the rental company for the purpose of complying with financial responsibility.

(B) The limits of the primary policy must be exhausted before there may be a recovery under a policy issued to or against other financial responsibility maintained by a rental company."

SECTION 2. This act takes effect upon approval by the Governor.