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.
S.C. Code Ann. § 38-17-120
Disposition of funds advanced to make up deficiencies
Former 1976 Code SECTION 38-17-120 [1962 Code SECTION 37-573; 1972 (57) 2776] recodified as SECTION 38-29-120 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-45-120 …
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.