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H 5094

South Carolina House bill in Session 126.

Status: in_committee. Latest action: February 4, 2026.

A BILL 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.

Bill ID SC-126-H-5094
Session 126
Status in_committee
Committee Labor, Commerce and Industry
House in_committee 2026-02-04
Summary

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.", Contingent Deferred Annuities

Sponsor
Ligon
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-04 Introduced Bill introduced
2026-02-04 Status in_committee
2026-02-04 Latest Action Referred to Committee on Labor, Commerce and Industry ( House Journal-page 11 )
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