All claims paid by the administrator from funds collected on behalf of the insurer must be paid only on drafts of and as authorized by the insurer.
HISTORY: Former 1976 Code Section 38-51-100 [1947 (45) 322; 1952 Code Section 37-243; 1962 Code Section 37-243] recodified as Section 38-43-90 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-67-80 [1985 Act No. 133, Section 8] recodified as Section 38-51-100 by 1987 Act No. 155, Section 1.
Structure South Carolina Code of Laws
Chapter 51 - Administrators Of Insurance Benefit Plans
Section 38-51-10. Administrator defined.
Section 38-51-20. License required of administrator.
Section 38-51-30. Surety bond.
Section 38-51-40. Written agreement required.
Section 38-51-50. Payment of premiums.
Section 38-51-60. Books and records required.
Section 38-51-70. Advertising.
Section 38-51-80. Underwriting.
Section 38-51-90. Charges or premiums held in fiduciary capacity; withdrawal.