South Carolina Senate Bill 857

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Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Passed on June 2 2026 - 100% progression
Action: 2026-06-02 - Act No. 178
Text: Latest bill text (Comm Sub) [HTML]

Amend The South Carolina Code Of Laws By Amending Section 38-1-20, Relating To Insurance Law Definitions, So As To Define The Term "contingent Deferred Annuity"; By Amending Section 38-69-220, Relating To Exceptions From Operation Of The Standard Nonforfeiture Law For Individual Deferred Annuities, So As To Add An Exception For Certain Provisions Of The Standard Nonforfeiture Law For Individual Deferred Annuities, And To Provide The Department Of Insurance May Promulgate Regulations For Nonforfeiture Benefits For Contingent Deferred Annuities In The Discretion Of The Director Of The Department In Certain Circumstances; And By Amending Section 38-44-20, Relating To Definitions In The Managing General Agents Act, So As To Make A Conforming Change. - Ratified Title

Contingent Deferred Annuities

Sen. Ross Turner [R]

2026-05-07 - House - House: Passage Of Bill (Y: 105 N: 0 NV: 6 Abs: 13) [PASS]
2026-02-18 - Senate - Senate: 2nd Reading (Y: 44 N: 0 NV: 0 Abs: 2) [PASS]

Date	Chamber	Action
2026-06-02		Act No. 178
2026-06-05		Effective date 08/16/26
2026-05-18		Signed By Governor
2026-05-14		Ratified R 157
2026-05-08	House	Read third time and enrolled
2026-05-07	House	Unanimous consent for third reading on next legislative day
2026-05-07	House	Roll call Yeas-105 Nays-0
2026-05-07	House	Read second time
2026-05-06	House	Debate adjourned
2026-05-05	House	Debate adjourned until Wed., 5-6-26
2026-04-30	House	Committee report: Favorable Labor, Commerce and Industry
2026-02-24	House	Referred to Committee on Labor, Commerce and Industry
2026-02-24	House	Introduced and read first time
2026-02-19	Senate	Read third time and sent to House
2026-02-18	Senate	Roll call Ayes-44 Nays-0
2026-02-18	Senate	Read second time
2026-02-18	Senate	Committee Amendment Adopted
2026-02-12	Senate	Committee report: Favorable with amendment Banking and Insurance
2026-01-28	Senate	Referred to Committee on Banking and Insurance
2026-01-28	Senate	Introduced and read first time

H5094 (Similar To) 2026-02-04 - Referred to Committee on Labor, Commerce and Industry

Chapter	Article	Section	Citation Type	Statute Text
38	1	20	(n/a)	See Bill Text
38	44	20	(n/a)	See Bill Text
38	69	220	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=0857&session=126&summary=B
Text	https://www.scstatehouse.gov/sess126_2025-2026/prever/857_20260128.htm
Text	https://www.scstatehouse.gov/sess126_2025-2026/prever/857_20260212.htm
Text	https://www.scstatehouse.gov/sess126_2025-2026/prever/857_20260218.htm
Text	https://www.scstatehouse.gov/sess126_2025-2026/prever/857_20260430.htm
Supplement	https://www.scstatehouse.gov/sess126_2025-2026/fiscalimpactstatements/S0857%202026-01-28%20introduced.pdf
Roll Call	https://www.scstatehouse.gov/votehistory.php?KEY=26502
Roll Call	https://www.scstatehouse.gov/votehistory.php?KEY=27648