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2012 South Carolina Code of Laws
Title 38 - Insurance
Chapter 69 - INDIVIDUAL ANNUITIES
Section 38-69-300 - Calculating benefits available other than on anniversary date.


SC Code § 38-69-300 (2012) What's This?

Any paid-up annuity, cash surrender, or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, must be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.

HISTORY: Former 1976 Code Section 38-8-100 [1978 Act No. 517 Section 10] recodified asSection 38-69-300 by 1987 Act No. 155, Section 1.

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