Short title; operative date of valuation manual defined
Known as the Standard Nonforfeiture Law
The act spans §§ 38–38 (31 sections).
Former 1976 Code SECTION 38-7-10 [1960 (51) 1554; 1962 Code SECTION 37-171; 1982 Act No. 403, SECTION 1] recodified as SECTION 38-63-510 by 1987 Act No. 155, SECTION 1; 2016 Act…
(1) This article is known and may be cited as the "Standard Nonforfeiture Law for Life Insurance".
(2) The term "operative date of the valuation manual" means January first of the first calendar year that the valuation manual, as defined in Section 38-9-180, is effective.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.