SC H4087

Requires insurers offering liquor liability insurance in South Carolina to use risk-based pricing, with claims history accounting for at least 40% of premium calculations, responsible service training for 25%, preventative technology for 20%, and safety protocols for 15%

Mandates a minimum 15% premium reduction for establishments with no alcohol-related claims exceeding $25,000 in the prior three years that comply with training, technology, and intervention policy requirements

Establishes a state-administered Liquor Liability Insurance Fund for high-risk establishments unable to secure private insurance, funded by a surcharge of up to 2% on policies, alcohol licensing fees, and private insurer contributions

Requires Department of Insurance approval for any premium increases exceeding 20% year-over-year and mandates annual insurer reporting on rate-setting criteria and claims data

Creates tax incentives for insurers entering the market, including a 5% corporate tax credit for maintaining at least 500 active policies annually for three years, plus an additional 3% reduction for writing 1,000 or more policies