South Carolina Code 38-17-120. Disposition of funds advanced to make up deficiencies
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Terms Used In South Carolina Code 38-17-120
- Director: means the person who is appointed by the Governor upon the advice and consent of the Senate and who is responsible for the operation and management of the department. See South Carolina Code 38-1-20
When funds other than those which have accrued from premiums or deposits of subscribers are supplied to make up a deficiency as provided in § 38-17-100, they must be deposited and held for the benefit of subscribers under any terms and conditions the director or his designee may require as long as a deficiency exists and thereafter returned to the depositors.