South Carolina · 2025-2026 Regular Session
Amend The South Carolina Code Of Laws So As To Enact The "insurance Rate Reduction And Policyholder Protection Act;" By Amending Section 38-3-110, Relating To Duties Of The Director Of The Department Of Insurance, So As To Expand Those Duties; By Adding Section 38-55-172 So As To Prohibit Residential Builders And Registered Residential Specialty Contractors From Certain Actions Made On Behalf Of Owners Or Possessors Of Residential Real Estate On Insurance Claims In Connection With Roofing System Repairs Or Replacements To Prohibit Residential Builders And Registered Residential Specialty Contractors From Advertising Or Promising To Pay Or Rebate An Insurance Deductible As An Inducement To The Sale Of Goods Or Services, To Provide Penalties For Violations, To Provide The Insurance Fraud Division Of The Department Of Insurance May Investigate Claims Of Fraudulent Activity Relating To The Performance Of Goods Or Services For A Roofing System Pursuant To A Written Contract And Refer Certain Findings To The Department Of Labor, Licensing And Regulation; By Amending Section 38-55-520, Relating To The Purpose Of The Article, So As To Make A Technical Change; By Amending Section…
Committee report: Favorable with amendment Banking and Insurance (2026-04-30)