South Carolina Statutes
§ 38-69-20 — Misrepresentations to induce termination or conversion of annuities.
South Carolina § 38-69-20
This text of South Carolina § 38-69-20 (Misrepresentations to induce termination or conversion of annuities.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 38-69-20 (2026).
Text
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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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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-69-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/69/38-69-20.