Amends South Carolina's arbitration process for automobile insurance claims, including filing requirements, arbitrator compensation, and appeal.

This bill amends South Carolina's automobile insurance arbitration process by revising the filing requirements for claims, increasing arbitrator compensation, and modifying appeal procedures. It establishes a panel of arbitrators selected on a fair rotation basis, with three arbitrators hearing each case. The bill also allows arbitrators to award reasonable attorney's fees and costs to the prevailing party. Additionally, it increases the fees for filing claims and compensates the arbitrators, with the claimant paying a fee of fifty dollars.

Amends South Carolina's arbitration process for automobile insurance claims, including filing requirements, arbitrator compensation, and appeal.

This bill amends South Carolina's automobile insurance arbitration process by revising the filing requirements for claims, increasing arbitrator compensation, and modifying appeal procedures. It establishes a panel of arbitrators selected on a fair rotation basis, with three arbitrators hearing each case. The bill also allows arbitrators to award reasonable attorney's fees and costs to the prevailing party. Additionally, it increases the fees for filing claims and compensates the arbitrators, with the claimant paying a fee of fifty dollars.