(A) For each two dollars of the yearly premium for uninsured motorist coverage paid to the Department of Motor Vehicles pursuant to Section 38-73-470, one dollar and twenty cents must be placed by the Comptroller General into the State Highway Fund as established by Section 57-11-20, to be distributed as provided in Section 11-43-167. The remaining eighty cents must be placed in a special fund, to be known as the "Uninsured Enforcement Fund", to be used by the Department of Public Safety for the purpose of enforcement and administration of Article 3, Chapter 10, Title 56.
(B) Fifty percent of the reinstatement fee as provided by Section 56-10-510(1) must be transferred by the Department of Public Safety and recorded to the Uninsured Enforcement Fund to be used by the Department of Public Safety as provided by subsection (A) of this section. The remaining fifty percent of the reinstatement fee as provided by Section 56-10-510 must be retained in the Uninsured Motorist Fund to be used as provided in Sections 56-10-550, 38-77-151, and 38-77-154.
HISTORY: 1997 Act No. 154, Section 2; 2012 Act No. 264, Section 6, eff June 18, 2012; 2016 Act No. 275 (S.1258), Section 81, eff July 1, 2016.
Structure South Carolina Code of Laws
Chapter 10 - Motor Vehicle Registration And Financial Security
Section 56-10-10. Security required on registered vehicles.
Section 56-10-20. Type of security required.
Section 56-10-30. Automatic suspension of registration upon lapse or termination of security.
Section 56-10-45. Confiscation of registration certificates and license plates.
Section 56-10-46. Enhanced proof of insurance requests following lapse or termination.
Section 56-10-50. Suspension of registration not to affect title to vehicle.
Section 56-10-210. Definitions.
Section 56-10-220. Requirement that vehicle sought to be registered be insured; proof; regulations.
Section 56-10-225. Proof of insurance and financial responsibility in vehicle; penalties.
Section 56-10-230. Notice of termination of insurance.
Section 56-10-245. Per diem fine for lapse in required coverage.
Section 56-10-250. Unlawful to sell vehicle with suspended registration to family member.
Section 56-10-550. Deposit of funds collected in Uninsured Motorists Fund.
Section 56-10-552. Uninsured Enforcement Fund; use of reinstatement fee.
Section 56-10-553. Collection data and maintenance of statistics.
Section 56-10-610. Short title.
Section 56-10-615. Information regarding cancellations; requests for proof of insurance.
Section 56-10-620. Definitions.
Section 56-10-630. Purpose of article.