Establishes that insurance on rented or leased vehicles takes precedence over other financial responsibility sources.

The bill amends the South Carolina Code to prioritize insurance policies covering rented or leased vehicles over other financial responsibility sources. This means that the primary policy must be exhausted before any recovery can be made under another policy. This change affects rental companies and their affiliates, ensuring that their primary insurance is the first to cover claims. The act will take effect upon approval by the Governor.

Establishes that insurance on rented or leased vehicles takes precedence over other financial responsibility sources.

The bill amends the South Carolina Code to prioritize insurance policies covering rented or leased vehicles over other financial responsibility sources. This means that the primary policy must be exhausted before any recovery can be made under another policy. This change affects rental companies and their affiliates, ensuring that their primary insurance is the first to cover claims. The act will take effect upon approval by the Governor.