For purposes of Sections 38-13-190 and 38-13-200, "insurance reserve fund" or "funds" means the insurance reserve funds administered by the State Fiscal Accountability Authority to provide liability and property insurance, as authorized under Section 1-11-140, Chapter 7 of Title 10, and the regulations prescribed by the State Fiscal Accountability Authority.
Insurance reserve fund defined
S.C. Code Ann. § 38-13-180, under Title 38, Chapter 13.
S.C. Code Ann. § 38-13-180