S.C. Code § 38-17-120

Current through 2024 Act No. 225.

Section 38-17-120 - Disposition of funds advanced to make up deficiencies

When funds other than those which have accrued from premiums or deposits of subscribers are supplied to make up a deficiency as provided in Section 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.

1993 Act No. 181, Section 547; 1962 Code Section 37-812] recodified as Section 38-17-120 by 1987 Act No. 155, Section 1; 1952 Code Section 37-812; Former 1976 Code Section 38-45-120 [1947 (45) 322; 1972 (57) 2776] recodified as Section 38-29-120 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-17-120 [1962 Code Section 37-573.