South Carolina bills · 2025-2026 Regular Session
South Carolina S 857
Contingent Deferred Annuities
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Turner (Republican)
Summary
Official abstract published by the South Carolina legislature· description
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
Text versions
Roll-call votes
State vote data last updated Oct 15, 2026, 8:06 AM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| May 7, 2026 House | Passage of Bill | pass | Set your home in South Carolina to see |
| Feb 18, 2026 Senate | 2nd Reading | pass | Set your home in South Carolina to see |
Actions
- Jun 2, 2026 · Legislature
Act No. 178 - Jun 5, 2026 · Legislature
Effective date 08/16/26 - May 18, 2026 · Legislature
Signed By Governor - May 14, 2026 · Legislature
Ratified R 157 - May 8, 2026 · House
Read third time and enrolled - May 7, 2026 · House
Unanimous consent for third reading on next legislative day - May 7, 2026 · House
Roll call Yeas-105 Nays-0 - May 7, 2026 · House
Read second time - May 6, 2026 · House
Debate adjourned - May 5, 2026 · House
Debate adjourned until Wed., 5-6-26 - Apr 30, 2026 · House
Committee report: Favorable Labor, Commerce and Industry - Feb 24, 2026 · House
Referred to Committee on Labor, Commerce and Industry - Feb 24, 2026 · House
Introduced and read first time - Feb 19, 2026 · Senate
Read third time and sent to House - Feb 18, 2026 · Senate
Roll call Ayes-44 Nays-0 - Feb 18, 2026 · Senate
Read second time - Feb 18, 2026 · Senate
Committee Amendment Adopted - Feb 12, 2026 · Senate
Committee report: Favorable with amendment Banking and Insurance - Jan 28, 2026 · Senate
Referred to Committee on Banking and Insurance - Jan 28, 2026 · Senate
Introduced and read first time