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2013 South Carolina Code of Laws
Title 38 - Insurance
CHAPTER 69 - INDIVIDUAL ANNUITIES
SECTION 38-69-290. Statements required in certain contracts.


SC Code § 38-69-290 (2013) What's This?

Any contract which does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount prior to the commencement of any annuity payments shall include a statement in a prominent place in the contract that those benefits are not provided.

HISTORY: Former 1976 Code Section 38-8-90 [1978 Act No. 517 Section 9] recodified as Section 38-69-290 by 1987 Act No. 155, Section 1.

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