South Carolina § 38-69-30 Nontransferability of annuity death benefits left with insurance company under a trust or other agreement.

South Carolina Statutes

§ 38-69-30 — Nontransferability of annuity death benefits left with insurance company under a trust or other agreement.

South Carolina § 38-69-30

Title 38INSURANCE

Ch. 69INDIVIDUAL ANNUITIES

This text of South Carolina § 38-69-30 (Nontransferability of annuity death benefits left with insurance company under a trust or other agreement.) 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. § 38-69-30 (2026).

Text

When the proceeds of an annuity becoming a claim by the death of the insured are left with an insurance company under a trust or other agreement, the benefits accruing under the agreement after the death of the insured are not transferable nor subject to computation or incumbrance nor to legal process, except in an action to recover for necessaries if the parties to the trust or other agreement so agree.

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When the proceeds of an annuity becoming a claim by the death of the insured are left with an insurance company under a trust or other agreement, the benefits accruing under the agreement after the death of the insured are not transferable nor subject to computation or incumbrance nor to legal process, except in an action to recover for necessaries if the parties to the trust or other agreement so agree.