South Carolina Statutes
§ 38-69-300 — Calculating benefits available other than on anniversary date.
Any paid-up annuity, cash surrender, or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, must be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.
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South Carolina § 38-69-300 (Calculating benefits available other than on anniversary date.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-8-100 [1978 Act No. 517 SECTION 10] recodified as SECTION 38-69-300 by 1987 Act No. 155, SECTION 1.
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.