SC L.C.I. Banking and Insurance Subcommittee March 3, 2026

Banking and Insurance Subcommittee · March 3, 2026

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17:13

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15:00

Opening and agenda

AnnouncementPresentation

0:03 → 1:11(1m 8s)

Moderator opened the Banking and Insurance Subcommittee and said the panel would discuss bill H 48 17, a proposal intended to lower insurance rates in South Carolina; the meeting would be testimony‑only and the panel planned to meet again the following day to hear Director Wise and consider amendments.

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The South Carolina House Banking and Insurance Subcommittee heard testimony on H 48 17, a bill aimed at reducing insurance rates; testimony focused narrowly on Section 16, which would limit recovery of non‑economic damages for uninsured drivers not at fault. The subcommittee heard public testimony and members signaled an amendment to remove Section 16 when the panel reconvenes tomorrow.

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Transcript

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