South Carolina Statutes
§ 38-69-30 — Nontransferability of annuity death benefits left with insurance company under a trust or other agreement.
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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South Carolina § 38-69-30 (Nontransferability of annuity death benefits left with insurance company under a trust or other agreement.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1988 Act No. 342, SECTION 2. ARTICLE 3 Policy Forms
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.