South Carolina Code 38-69-300. Calculating benefits available other than on anniversary date
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 38-69-300
- Contract: A legal written agreement that becomes binding when signed.
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.