S0857Introduced in the Senate
Contingent Deferred Annuities
Introduced by Ross Turner, District 8
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
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
Where it stands
Act No. 178
June 2, 2026
How did lawmakers vote?
House votes
1 recorded vote · each counted separately
Senate votes
1 recorded vote · each counted separately
HouseStage: House: Passage Of Bill · May 7, 2026
105
Yes
0
No
19
Absent or Not Voting
124 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.
See how each representative voted
| Representative | District | Vote |
|---|---|---|
| William Whitmire | 1 | Yes |
| Adam Duncan | 2 | Yes |
| Phillip Bowers | 3 | Yes |
| Davey Hiott | 4 | Yes |
| Neal Collins | 5 | Yes |
| April Cromer | 6 | Yes |
| Lee Gilreath | 7 | Yes |
| Don Chapman | 8 | Yes |
| Blake Sanders | 9 | Yes |
| Thomas Beach | 10 | Yes |
Bill history
Introduced and read first time
Referred to Committee on Banking and Insurance
Committee report: Favorable with amendment Banking and Insurance
Committee Amendment Adopted
Read second time
Roll call Ayes-44 Nays-0
Read third time and sent to House
Introduced and read first time
Referred to Committee on Labor, Commerce and Industry
Committee report: Favorable Labor, Commerce and Industry
Debate adjourned until Wed., 5-6-26
Debate adjourned
Read second time
Roll call Yeas-105 Nays-0
Unanimous consent for third reading on next legislative day
Read third time and enrolled
Ratified R 157
Signed By Governor
Effective date 08/16/26
Act No. 178
Verify the information
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