S.C. Code Ann. § 38-77-151: Collected funds to be placed in Uninsured Motorists Fund; use of funds.
Where this section sits in the code
- Title 38 - INSURANCE
- CHAPTER 77 Automobile Insurance
- ARTICLE 3 Mandate to Write and Insurance Coverage
All funds collected by the director of the Department of Motor Vehicles under the provisions of Chapter 10, Title 56 must be placed on deposit with the State Treasurer and held in a special fund to be known as the "Uninsured Motorists Fund" to be disbursed as provided by law. Interest earned by the "Uninsured Motorists Fund" must be retained by that fund. The director of the Department of Insurance, as provided in Sections 38-77-154 and 38-77-155, may expend such funds for the administration of this chapter; provided, however, that the Department of Insurance shall retain ten percent of the Uninsured Motorists Fund to be used by the Department of Insurance to enforce the provisions of Title 38 including Sections 38-77-112, 38-77-122, and 38-77-123, to publish for consumers an automobile insurance buyer's guide, a brochure comparing automobile insurance premiums, and to provide for a public awareness campaign.
Collected 2026-09-02T07:15:04Z. Source file · JSON