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Scheme trustees

Individuals or independent institutions that are responsible for the management of a trust in accordance with the trust deed. Scheme trustees have the power to select any investment they wish in order to adhere to the trust deed. Their activities come under the jurisdiction of Opra who may remove or suspend a trustee.

SCHIP

See: State Children’s Health Insurance Program (SCHIP), Children’s Special Health Care Services (CSHCS), or Maternal and Child Health Program (MCHP).

School fees insurance

Various investment, savings and insurance schemes to ensure that a parent will be able to meet educational costs when they arise. The range of policies that can be built into the parents’ plan include endowment, critical illness, income protection and special policies such as reimbursement of fees when illness prevents the child from attending school.

Scienter

Term used in pleading to indicate that a person had knowledge of a fact, e.g., that a domestic animal had dangerous propensities.
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The requisite state of mind or degree of culpability that must exist for a defendant to be liable under various statutes. Most notably, for purposes of Section 10(b) of the Securities Exchange Act of 1934, most courts have ruled that the requisite scienter is established if plaintiffs prove the defendants acted either with intent to defraud or with recklessness.

Scorching

Damage to property caused by heat but unattended by ignition. Without ignition there is no fire damage within the meaning of the fire policy. Scorching consequent upon fire will be covered under the doctrine of proximate cause.