S.C. Code Ann. § 15-78-150

Authority of State Fiscal Accountability Authority to purchase liability insurance; funding of purchase by participating governmental entities; premiums set according to risk; development of actuarial rating system plan

Known as the South Carolina Tort Claims Act

The act spans §§ 15-78-10 to 15-78-90 (22 sections).

Applied in 1 court decision — leading case Green v. Clarendon County School District Three (1996)

Most recently applied in Green v. Clarendon County School District Three (April 1996)

1986 Act No. 463, SECTION 1; 1987 Act No. 123, SECTION 2.

(a) The State Fiscal Accountability Authority is authorized to purchase liability insurance.

(b) The purchase of insurance must be funded by participating governmental entities by payment of premiums as required by the State Fiscal Accountability Authority. The State Fiscal Accountability Authority in setting these premiums shall rate the policy according to the risk involved with the general class of insured entity. The State Fiscal Accountability Authority must develop an actuarial rating system plan based upon the classification of employee and the risk involved by class of employee which must be implemented by July 1, 1990.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.