Contingent Deferred Annuities
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “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";” Read the full text
126th session (2025-2026)
What it does
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 FO
From the official legislative record, shown verbatim. Not legal advice.
Where it is
Show all 20 actions
Introduced and read first time (Senate Journal-page 6) · Jan 28, 2026
Senate
Referred to Committee on Banking and Insurance (Senate Journal-page 6) · Jan 28, 2026
Senate
Committee report: Favorable with amendment Banking and Insurance (Senate Journal-page 8) · Feb 12, 2026
Senate
Committee Amendment Adopted (Senate Journal-page 35) · Feb 18, 2026
Senate
Read second time (Senate Journal-page 35) · Feb 18, 2026
Senate
Roll call Ayes-44 Nays-0 (Senate Journal-page 35) · Feb 18, 2026
Senate
Read third time and sent to House (Senate Journal-page 10) · Feb 19, 2026
Senate
Introduced and read first time (House Journal-page 61) · Feb 24, 2026
House
Referred to Committee on Labor, Commerce and Industry (House Journal-page 61) · Feb 24, 2026
House
Committee report: Favorable Labor, Commerce and Industry (House Journal-page 6) · Apr 30, 2026
House
Debate adjourned until Wed., 5-6-26 (House Journal-page 37) · May 5, 2026
House
Debate adjourned · May 6, 2026
House
Read second time (House Journal-page 68) · May 7, 2026
House
Roll call Yeas-105 Nays-0 (House Journal-page 68) · May 7, 2026
House
Unanimous consent for third reading on next legislative day (House Journal-page 70) · May 7, 2026
House
Read third time and enrolled (House Journal-page 2) · May 8, 2026
House
Ratified R 157 · May 14, 2026
Signed By Governor · May 18, 2026
Effective date 08/16/26 · Jun 5, 2026
Act No. 178 · Jun 2, 2026
The numbers
1
sponsor on the bill
Sponsors
Turner
Recorded votes
Passage of BillHouse · 2026-05-07 · Passed · Yeas 105, Nays 0, Excused Absence 14, Not Voting 5
2nd ReadingSenate · 2026-02-18 · Passed · Ayes 44, Nays 0, Excused Absence 2
Roll-call results shown verbatim from the South Carolina legislature’s records. A result reflects that roll call’s own motion, not the bill’s overall outcome.
Every fact on this page links to its source, starting with the official bill record. Last action: Act No. 178 (Jun 2, 2026).