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2017 South Carolina Code of Laws
Title 38 - Insurance
CHAPTER 33 - HEALTH MAINTENANCE ORGANIZATIONS
Section 38-33-70. Fiduciary relationship in handling of funds.
Universal Citation: SC Code § 38-33-70 (2017)
Any director, officer, employee, or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of an organization is responsible for the funds in a fiduciary relationship to the organization.
HISTORY: Former 1976 Code Section 38-25-70 [1984 Act No. 512, Part II, Section 32] recodified as Section 38-33-70 by 1987 Act No. 155, Section 1; 1987 Act No. 83, Section 1 (amendment to former 1976 Code Section 38-25-70 transferred to Section 38-33-70 by 1987 Act No. 155, Section 24]; 1993 Act No. 181, Section 633.
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