South Carolina Statutes
§ 38-69-20 — Misrepresentations to induce termination or conversion of annuities.
No insurer, or its employee or agent, may make any misleading representations or incomplete or fraudulent comparisons of any annuity contracts or insurers for the purpose of inducing, or which may tend to induce, any person to lapse, forfeit, surrender, terminate, return, or convert any annuity.
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South Carolina § 38-69-20 (Misrepresentations to induce termination or conversion of annuities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-9-50 [1956 (49) 1814; 1962 Code SECTION 37-144.1] recodified as SECTION 38-69-20 by 1987 Act No. 155, SECTION 1; 1988 Act No. 374, SECTION 37.
Nearby Sections
15
§ 38-69-210
Title.§ 38-69-220
Exceptions from operation of article.§ 38-69-230
Provisions required in contracts; provision for termination for nonpayment of consideration.§ 38-69-250
Paid-up annuity benefits; present value.§ 38-69-260
Cash surrender benefits.§ 38-69-280
Maturity date under certain contracts.§ 38-69-290
Statements required in certain contracts.