SC S 857
enactedContingent Deferred Annuities
South Carolina · 2026 Regular Session · upper
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Quick answers
Did SC S 857 pass?
Yes. SC S 857 has been enacted into law. Latest recorded action (2026-06-05): Effective date 08/16/26
What is SC S 857 about?
AN ACT 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, 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. - RATIFIED TITLE
Who sponsors SC S 857?
Turner is the primary sponsor of SC S 857.
Description
AN ACT 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, 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. - RATIFIED TITLE
- Introduced
- 2026-01-28
- Latest action
- 2026-06-05 — Effective date 08/16/26
- Bill type
- bill
- Last updated
- —
Sponsors
- Turnerprimary
Committees
Not provided by source.
Action timeline
Newest first
2026-06-05
Effective date 08/16/26
2026-06-02
Act No. 178
2026-05-18
Signed By Governor
executive-signature
2026-05-14
Ratified R 157
2026-05-08
Read third time and enrolled
passage,reading-3
2026-05-07
Unanimous consent for third reading on next legislative day
2026-05-07
Roll call Yeas-105 Nays-0
2026-05-07
Read second time
reading-2
2026-05-06
Debate adjourned
2026-05-05
Debate adjourned until Wed., 5-6-26
2026-04-30
Committee report: Favorable Labor, Commerce and Industry
committee-passage-favorable
2026-02-24
Referred to Committee on Labor, Commerce and Industry
referral-committee
2026-02-24
Introduced and read first time
introduction,reading-1
2026-02-19
Read third time and sent to House
passage,reading-3
2026-02-18
Roll call Ayes-44 Nays-0
2026-02-18
Read second time
reading-2
2026-02-18
Committee Amendment Adopted
amendment-passage
2026-02-12
Committee report: Favorable with amendment Banking and Insurance
committee-passage-favorable
2026-01-28
Referred to Committee on Banking and Insurance
referral-committee
2026-01-28
Introduced and read first time
introduction,reading-1
Versions
Documents
Votes
2nd Reading
2026-02-18 · pass · 44-0
Member-level votes (46)
- Adams, Brian: yes
- Alexander, Thomas C.: yes
- Allen, Karl B.: yes
- Bennett, Sean M.: yes
- Blackmon, Allen: yes
- Bright, Lee: yes
- Campsen, George E., III: yes
- Cash, Richard J.: yes
- Chaplin, JD: yes
- Climer, Wes: yes
- Corbin, Thomas D.: yes
- Cromer, Ronnie W.: yes
- Davis, Tom: yes
- Devine, Tameika Isaac: yes
- Elliott, Jason: yes
- Fernandez, Tom: yes
- Gambrell, Michael W.: yes
- Garrett, Billy: yes
- Goldfinch, Stephen L.: yes
- Graham, Jeffrey R.: yes
- Grooms, Lawrence K.: yes
- Hembree, Greg: yes
- Hutto, Brad: yes
- Jackson, Darrell: yes
- Johnson, Michael: yes
- Kennedy, Carlisle: yes
- Kimbrell, Josh: yes
- Leber, Matthew W.: yes
- Martin, Shane R.: yes
- Massey, A. Shane: yes
- Ott, Russell L.: yes
- Peeler, Harvey S., Jr.: yes
- Rankin, Luke A.: yes
- Reichenbach, Mike: yes
- Rice, Rex F.: yes
- Sabb, Ronnie A.: yes
- Stubbs, Everett: yes
- Sutton, Ed: yes
- Tedder, Deon T.: yes
- Turner, Ross: yes
- Verdin, Daniel B., III: yes
- Williams, Kent M.: yes
- Young, Tom, Jr.: yes
- Zell, Jeff: yes
- Matthews, Margie Bright: excused
- Walker, Overture: excused
Passage of Bill
2026-05-07 · pass · 105-0
Member-level votes (123)
- Alexander, Terry: yes
- Bailey, William H.: yes
- Bamberg, Justin T.: yes
- Beach, Thomas: yes
- Bernstein, Beth E.: yes
- Bowers, Phillip: yes
- Bradley, Jeff: yes
- Brewer, Gary S., Jr.: yes
- Brittain, Thomas C., Jr.: yes
- Burns, James Mikell: yes
- Bustos, Joseph M.: yes
- Calhoon, Paula Rawl: yes
- Caskey, Micajah P., IV: yes
- Chapman, Donald G.: yes
- Chumley, William M.: yes
- Clyburn, William: yes
- Cobb-Hunter, Gilda: yes
- Collins, Neal A.: yes
- Cromer, April: yes
- Davis, Sylleste H.: yes
- Dillard, Chandra E.: yes
- Duncan, Adam L.: yes
- Edgerton, Sarita L.: yes
- Erickson, Shannon S.: yes
- Ford, Greg: yes
- Forrest, Cally R., Jr.: yes
- Frank, Stephen: yes
- Gagnon, Craig A.: yes
- Garvin, Kambrell H.: yes
- Gibson, Daniel: yes
- Gilliam, Leon D.: yes
- Gilliard, Wendell G.: yes
- Gilreath, Thomas Lee: yes
- Grant, Hamilton R.: yes
- Guest, Thomas Duval, Jr.: yes
- Guffey, Brandon: yes
- Haddon, Patrick B.: yes
- Hager, William: yes
- Harris, Robert J.: yes
- Hart, Christopher R.: yes
- Hartnett, Thomas F., Jr.: yes
- Hartz, Charles V.: yes
- Hayes, Jackie E.: yes
- Henderson-Myers,, Rosalyn D., Ph.D. Herbkersman, William G.: yes
- Hewitt, Lee: yes
- Hiott, David R.: yes
- Hixon, William M.: yes
- Holman, Harriet A.: yes
- Hosey, Lonnie: yes
- Huff, William C.: yes
- Johnson, Jeffrey E.: yes
- Johnson, Jermaine L., Sr.: yes
- Jones, Wendell K.: yes
- Jordan, Wallace H., Jr.: yes
- King, John Richard C.: yes
- Kirby, Roger K.: yes
- Landing, Kathy: yes
- Lastinger, John T., Jr.: yes
- Lawson, M. Brian: yes
- Ligon, Thomas R.: yes
- Long, Steven Wayne: yes
- Lowe, Phillip D.: yes
- Luck, Jason S.: yes
- Magnuson, Josiah: yes
- McCravy, John R., III: yes
- McDaniel, Annie E.: yes
- McGinnis, Timothy A.: yes
- Mitchell, Cody T.: yes
- Mitchell, Dianne: yes
- Moore, JA: yes
- Moore, Travis A.: yes
- Morgan, T. Alan, Jr.: yes
- Moss, Dennis C.: yes
- Neese, Mike M.: yes
- Newton, Brandon: yes
- Newton, Wm. Weston J.: yes
- Oremus, Melissa Lackey: yes
- Pace, Jordan S.: yes
- Pedalino, Fawn M.: yes
- Pope, Thomas E.: yes
- Reese, Robert T.: yes
- Rivers, Michael F., Sr.: yes
- Robbins, Robby: yes
- Rose, Seth: yes
- Rutherford, J. Todd: yes
- Sanders, Richard Blake: yes
- Schuessler, Carla: yes
- Scott, Keishan M.: yes
- Sessions, Heath: yes
- Smith, G. Murrell, Jr.: yes
- Stavrinakis, Leonidas E.: yes
- Taylor, Bill: yes
- Teeple, James E.: yes
- Terribile, Jackie R.: yes
- Vaughan, David: yes
- Waters, Courtney S.: yes
- Wetmore, Elizabeth: yes
- White, Joseph S.: yes
- Whitmire, William R.: yes
- Wickensimer, Paul B.: yes
- Williams, Robert Q.: yes
- Willis, Mark N.: yes
- Wooten, Chris: yes
- Yow, Richard L.: yes
- Anderson, Carl L.: excused
- Bannister, Bruce W.: excused
- Bauer, Heather: excused
- Crawford, Heather Ammons: excused
- Gatch, Gil: excused
- Govan, Jerry N., Jr.: excused
- Hardee, Kevin: excused
- Howard, Leon: excused
- Martin, David: excused
- McCabe, Donald Ryan, Jr.: excused
- Montgomery, W. Scott, IV: excused
- Smith, Marvin: excused
- Spann-Wilder, Tiffany: excused
- Atkinson, Lucas: excused
- Ballentine, Nathan: excused
- Cox, Brandon L.: excused
- Kilmartin, John Gregory: excused
- Rankin, Luke S.: excused
- Weeks, J. David: excused
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:32:06.227230Z
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