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

Insurance / Consumer Protection

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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