South Carolina Statutes

§ 32-7-10 — Definitions.

South Carolina·Title 32 CONTRACTS AND AGENTS·Ch. 7 PRENEED FUNERAL CONTRACTS

As used in this chapter, unless the context requires otherwise:

(1)"Administrator" means the Administrator of the South Carolina Department of Consumer Affairs.
(2)"At need" means after the beneficiary is deceased, and "at preneed" means before the beneficiary is deceased.
(3)"Beneficiary" means the person who is to be the subject of the disposition, services, facilities, or merchandise described in a preneed funeral contract.
(4)"Common trust fund" means a trust in which the proceeds of more than one funeral contract may be held by the trustee.
(5)"Department" means the South Carolina Department of Consumer Affairs.
(6)"Financial institution" means a bank, trust company, or savings and loan association authorized by law to do business in this State.
(7)"Funeral services" or "funera

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Legislative History

HISTORY: 1962 Code SECTION 11-171; 1973 (58) 339; 1989 Act No. 89, SECTION 1; 1992 Act No. 284, SECTION 1; 2009 Act No. 70, SECTION 1, eff July 1, 2009; 2012 Act No. 261, SECTION 1, eff June 18, 2012. Effect of Amendment The 2009 amendment added definitions of "Administrator" and "Department", deleted the definition of "Board", and reordered the definitions alphabetically. The 2012 amendment inserted definitions for "at need", "funeral services", and "trust account"; renumbered the items accordingly, and made other nonsubstantive changes.

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