™Your Policy Risk Impact Agent
66 chapters · 1,628 sections in this title.
S.C. Code Ann. § 38-67-10 Domestic life insurers authorized to establish accounts
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A domestic life insurer may establish one or more separate accounts, and may allocate thereto amounts (including, without limitation, proceeds applied under optional modes of settlement or under dividend options) to provide for life insurance or annuities (and benefits incidental…
S.C. Code Ann. § 38-67-20 Statement of essential features of procedures used in determining dollar amount of variable benefits
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Any contract providing benefits payable in variable amounts delivered or issued for delivery in this State shall contain a statement of the essential features of the procedures to be followed by the insurer in determining the dollar amount of the variable benefits. Any contract u…
S.C. Code Ann. § 38-67-30 Qualifications of companies delivering or issuing variable contracts
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No company may deliver or issue for delivery within this State variable contracts unless it is licensed and organized to do a life insurance or annuity business in this State, and the director or his designee is satisfied that its condition or method of operation in connection wi…
Regulations
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Notwithstanding any other provision of law, the director or his designee has sole authority to regulate the issuance and sale of variable contracts, and the department has the sole authority to issue any regulations as may be appropriate to carry out the purposes and provisions o…
