South Carolina Code 38-69-290. Statements required in certain contracts
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Terms Used In South Carolina Code 38-69-290
- Contract: A legal written agreement that becomes binding when signed.
Any contract which does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount prior to the commencement of any annuity payments shall include a statement in a prominent place in the contract that those benefits are not provided.