• Introduced
    Jan 28, 2026
  • Passed Senate
    Feb 19, 2026
  • Passed House
    May 08, 2026
  • Became Law
    May 18, 2026
S 857
South Carolina Senate Bill
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AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 38-1-20, RELATING TO INSURANCE LAW DEFINITIONS, SO AS TO DEFINE THE TERM "CONTINGENT DEFERRED ANNUITY"; BY AMENDING SECTION 38-69-220, RELATING TO EXCEPTIONS FROM OPERATION OF THE STANDARD NONFORFEITURE LAW FOR INDIVIDUAL DEFERRED ANNUITIES, SO AS TO ADD AN EXCEPTION FOR CERTAIN PROVISIONS OF THE STANDARD NONFORFEITURE LAW FOR INDIVIDUAL DEFERRED ANNUITIES, AND TO PROVIDE THE DEPARTMENT OF INSURANCE MAY PROMULGATE REGULATIONS FOR NONFORFEITURE BENEFITS FOR CONTINGENT DEFERRED ANNUITIES IN THE DISCRETION OF THE DIRECTOR OF THE DEPARTMENT IN CERTAIN CIRCUMSTANCES; AND BY AMENDING SECTION 38-44-20, RELATING TO DEFINITIONS IN THE MANAGING GENERAL AGENTS ACT, SO AS TO MAKE A CONFORMING CHANGE. - RATIFIED TITLE
Last Action See all actions
legislature • May 18, 2026: Signed By Governor
Latest Bill Text See all bill texts

Summary

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Votes
YES: 105

NO: 0

    Actions
    • May 18, 2026 | legislature
      • Signed By Governor
    • May 14, 2026 | legislature
      • Ratified R 157
    • May 08, 2026 | House
      • Read third time and enrolled
    • May 07, 2026 | House
      • Read second time
      • Roll call Yeas-105 Nays-0
      • Unanimous consent for third reading on next legislative day
    • May 06, 2026 | House
      • Debate adjourned
    • May 05, 2026 | House
      • Debate adjourned until Wed., 5-6-26
    • Apr 30, 2026 | House
      • Committee report: Favorable Labor, Commerce and Industry
    • Feb 24, 2026 | House
      • Introduced and read first time
      • Referred to Committee on Labor, Commerce and Industry
    • Feb 19, 2026 | Senate
      • Read third time and sent to House
    • Feb 18, 2026 | Senate
      • Committee Amendment Adopted
      • Read second time
      • Roll call Ayes-44 Nays-0
    • Feb 12, 2026 | Senate
      • Committee report: Favorable with amendment Banking and Insurance
    • Jan 28, 2026 | Senate
      • Introduced and read first time
      • Referred to Committee on Banking and Insurance
    Documents