About the State Accident Fund
In 1943, the South Carolina General Assembly created and continued
in effect from year-to-year the State Workers' Compensation Fund as a division within
the South Carolina Industrial Commission.
In 1947, the law governing the State Workers' Compensation Fund became
a permanent act, and is now identified by sections 42-7-10 through 42-7-100 of the
1976 Code of Laws of South Carolina.
In 1974, the State Workers' Compensation Fund was established as
a separate agency.
On July 1, 1993, State Government restructuring was enacted by the
Legislature, thereby renaming the State Workers' Compensation Fund as the State
Accident Fund.
The operational philosophy of the State Accident Fund revolves around
the following principles:
Provide a cost effective guaranteed workers' compensation market
for state agencies, other government entities, and if required by the legislature,
small businesses in the private sector.
Provide our policyholders, injured workers, and the taxpayers of
this state with high quality services at a reasonable cost.
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Constrain costs by providing appropriate workers' compensation
benefits and services, promptly and efficiently.
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Contain administrative costs through the use of technology
and sound management principles.
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Assist policyholders to develop effective programs and training
in accident and occupational disease prevention.
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Ensure actuarially sound management of the Fund.
The State Accident Fund currently has approximately 630 policyholders,
covering tens of thousands of state and local government employees throughout South
Carolina.