If the insurer does not deliver with an annuity contract issued by it a copy of the application made by the insured, no defense is allowed to that annuity on account of anything contained in or omitted from the application. If the annuity is issued upon an oral application, no defense is allowed to the contract on account of anything contained in, or omitted from, the oral application.
S.C. Code Ann. § 38-69-110
No defenses allowed if application not attached to annuity contract; oral applications
Former 1976 Code SECTION 38-9-70 [1947 (45) 322; 1949 (46) 600; 1952 Code SECTION 37-146; 1962 Code SECTION 37-146; 1980 Act No. 305, SECTION 1] recodified as SECTION 38-69-110 …
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.