This article does not apply to any reinsurance, group annuity purchased under a retirement plan or plan of deferred compensation established or maintained by an employer including a partnership or sole proprietorship or by an employee organization, or by both, other than a plan providing individual retirement accounts or individual retirement annuities under Section 408 of the Internal Revenue Code, premium deposit fund, variable annuity, investment annuity, immediate annuity, any deferred annuity contract after annuity payments have commenced, or reversionary annuity, or to any contract which is delivered outside this State through an agent or other representative of the company issuing the contract.
HISTORY: Former 1976 Code Section 38-8-20 [1978 Act No. 517 Section 2] recodified as Section 38-69-220 by 1987 Act No. 155, Section 1.
Structure South Carolina Code of Laws
Chapter 69 - Individual Annuities
Section 38-69-10. Circulation of false or misleading information by insurers.
Section 38-69-20. Misrepresentations to induce termination or conversion of annuities.
Section 38-69-120. Requirements for certain annuities and pure endowment contracts.
Section 38-69-220. Exceptions from operation of article.
Section 38-69-240. Minimum forfeiture amounts for contracts issued before July 1, 2005.
Section 38-69-245. Minimum nonforfeiture amounts for contracts issued after June 30, 2007.
Section 38-69-247. Minimum nonforfeiture amounts for contracts issued after June 30, 2022.
Section 38-69-250. Paid-up annuity benefits; present value.
Section 38-69-260. Cash surrender benefits.
Section 38-69-270. Contracts not providing cash surrender benefits.
Section 38-69-280. Maturity date under certain contracts.
Section 38-69-290. Statements required in certain contracts.
Section 38-69-300. Calculating benefits available other than on anniversary date.
Section 38-69-310. Contracts providing annuity and insurance benefits.