Fabio
82 lines
4.8 KiB
Markdown
82 lines
4.8 KiB
Markdown
---
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type: "Bill"
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title: "Contingent Deferred Annuities"
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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"
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jurisdiction: "us/states/sc"
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legislature: "South Carolina General Assembly"
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session: "2025-2026"
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identifier: "S 857"
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citation: "South Carolina S 857 (2025-2026)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Turner"]
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version_count: 5
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action_count: 20
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vote_count: 2
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first_action: "2026-01-28"
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last_action: "2026-06-05"
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source: "openstates"
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source_identifier: "ocd-bill/ca93938b-7a36-42e5-8c81-f4cc5ac80440"
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source_url: "https://www.scstatehouse.gov/billsearch.php?billnumbers=857&session=126&summary=B"
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source_hash: "1d375d91833cefb784842c126fa895842ea72a5865ab9c342e0b9a395aff4c2f"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-sc"]
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---
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# South Carolina S 857 (2025-2026) — Contingent Deferred Annuities
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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
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Filed** (filed) — [source](https://www.scstatehouse.gov/sess126_2025-2026/bills/857.htm)
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2. **01/28/2026** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/857_20260128.htm)
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3. **02/12/2026** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/857_20260212.htm)
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4. **02/18/2026** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/857_20260218.htm)
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5. **04/30/2026** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/857_20260430.htm)
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## Votes
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- Passage of Bill — **105–0** (pass) · lower
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- 2nd Reading — **44–0** (pass) · upper
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## Sponsors
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- Turner — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2026-01-28** Introduced and read first time `introduction, reading-1`
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- **2026-01-28** Referred to Committee on Banking and Insurance `referral-committee`
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- **2026-02-12** Committee report: Favorable with amendment Banking and Insurance `committee-passage-favorable`
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- **2026-02-18** Committee Amendment Adopted `amendment-passage`
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- **2026-02-18** Read second time `reading-2`
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- **2026-02-18** Roll call Ayes-44 Nays-0
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- **2026-02-19** Read third time and sent to House `passage, reading-3`
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- **2026-02-24** Introduced and read first time `introduction, reading-1`
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- **2026-02-24** Referred to Committee on Labor, Commerce and Industry `referral-committee`
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- **2026-04-30** Committee report: Favorable Labor, Commerce and Industry `committee-passage-favorable`
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- **2026-05-05** Debate adjourned until Wed., 5-6-26
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- **2026-05-06** Debate adjourned
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- **2026-05-07** Read second time `reading-2`
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- **2026-05-07** Roll call Yeas-105 Nays-0
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- **2026-05-07** Unanimous consent for third reading on next legislative day
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- **2026-05-08** Read third time and enrolled `passage, reading-3`
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- **2026-05-14** Ratified R 157
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- **2026-05-18** Signed By Governor `executive-signature`
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- **2026-06-05** Effective date 08/16/26
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- **2026-06-02** Act No. 178
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/ca93938b-7a36-42e5-8c81-f4cc5ac80440`. Confidence: reported (aggregated from official South Carolina legislature records).
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