The Board of Trustees takes very seriously their obligation to maintain the financial integrity of the fund. SCHBSIF is regulated by the South Carolina Workers’ Compensation Commission (SCWCC), Division of Self Insurance Services, pursuant to Title 42 of the South Carolina Code of Laws and all applicable regulations. Our controller oversees all aspects of financial management with the guidance of the fund administrator and the Board of Trustees. Our financial records are reviewed annually by an independent financial auditor and the results are provided to SCWCC for their review and approval.
Our controller also works in conjunction other departments to maintain the fund’s financial integrity through day-to-day operations including loss prevention services provided by Risk Control and Safety, liability management provided by Claims and prospective policyholder screening by Underwriting as well as accounts receivable management by Policy Services.