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South Carolina · 2025-2026 Regular Session · Bill

S 857: Contingent Deferred Annuities

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

S 857 is a bill introduced in the South Carolina Senate on January 28, 2026. According to its official title, it concerns: Contingent Deferred Annuities. Primary sponsor: Ross Turner (Republican). Most recent recorded action (June 5, 2026): Effective date 08/16/26.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

AN ACT TO 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

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Ross TurnerPrimary sponsorRepublicanSenate8

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Effective date 08/16/26
  2. Act No. 178
  3. Signed By Governor
  4. Ratified R 157
  5. Read third time and enrolled
  6. Unanimous consent for third reading on next legislative day
  7. Roll call Yeas-105 Nays-0
  8. Read second time
  9. Debate adjourned
  10. Debate adjourned until Wed., 5-6-26
  11. Committee report: Favorable Labor, Commerce and Industry
  12. Referred to Committee on Labor, Commerce and Industry

Showing 12 most recent of 20 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source