South Carolina Statutes
§ 10-7-170 — Amount of insurance.
South Carolina·Title 10 PUBLIC BUILDINGS AND PROPERTY·Ch. 7 INSURANCE ON PUBLIC BUILDINGS AND PROPERTY
The amount of insurance to be carried on all buildings and on the contents thereof as provided in this chapter shall be fixed by the State Fiscal Accountability Authority after consultation with the officers, officials or trustees having such buildings in their care and custody. But the amount of insurance to be carried, as so fixed, shall in no event exceed the value of the building and contents to be insured after reasonable deductions for depreciation.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 10-7-170 (Amount of insurance.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 1-446; 1952 Code SECTION 1-446; 1942 Code SECTION 2192; 1936 (39) 1668. Code Commissioner's Note At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, SECTION 5(D)(1), effective July 1, 2015.
Nearby Sections
15
§ 10-7-100
Payment of premiums.§ 10-7-120
Authority may reinsure.§ 10-7-130
Insurance reserve funds.§ 10-7-140
Reduction of premiums.§ 10-7-150
Renewals.§ 10-7-160
Value of buildings.§ 10-7-170
Amount of insurance.§ 10-7-180
Appraisers in case of loss or damage.§ 10-7-190
Payment of amount of award.§ 10-7-220
Inspectors.§ 10-7-230
Penalties.