South Carolina § 56-10-552 Uninsured Enforcement Fund; use of reinstatement fee.

South Carolina Statutes

§ 56-10-552 — Uninsured Enforcement Fund; use of reinstatement fee.

South Carolina·Title 56 MOTOR VEHICLES·Ch. 10 MOTOR VEHICLE REGISTRATION AND FINANCIAL SECURITY

(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 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 56-10-520 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 a

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(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 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 56-10-520 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 56-10-520 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.

South Carolina § 56-10-552 (Uninsured Enforcement Fund; use of reinstatement fee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

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; 2023 Act No. 51 (S.549), SECTION 5, eff July 1, 2024. Editor's Note 2023 Act No. 51, SECTION 40(B), provides as follows: "[SECTION 40.](B) SECTION 5 takes effect on the first day of the fiscal year following twelve months after approval by the Governor." Effect of Amendment 2023 Act No. 51, SECTION 5, made a nonsubstantive change in (A); and in (B), in the first sentence, substituted "Section 56-10-520" for "Section 56-10-510(1)", and in the second sentence, substituted "Section 56-10-520" for "Section 56-10-510".