Article

Standard Nonforfeiture Law for Life Insurance

S.C. Code Ann. § 38-63-510— Short title; operative date of valuation manual defined
S.C. Code Ann. § 38-63-520— Paid-up nonforfeiture benefit and cash surrender value provisions are required in life insurance policies
S.C. Code Ann. § 38-63-530— Minimum cash surrender values
S.C. Code Ann. § 38-63-540— Minimum paid-up nonforfeiture benefits
S.C. Code Ann. § 38-63-550— Calculation of cash surrender values and paid-up nonforfeiture benefits when default occurs not on anniversary date of policy
S.C. Code Ann. § 38-63-560— Additional benefits and premiums must be disregarded
S.C. Code Ann. § 38-63-570— Calculation of adjusted premiums and present values
S.C. Code Ann. § 38-63-580— Basis for calculation of adjusted premiums and present values of industrial policies
S.C. Code Ann. § 38-63-590— Basis for calculation of adjusted premiums and present values of ordinary policies
S.C. Code Ann. § 38-63-600— Basis for calculating adjusted premiums and present values of policies issued on or after date of election of compliance by insurer or January 1, 1989, if later
S.C. Code Ann. § 38-63-610— Premiums, values, and benefits of life insurance plans providing for future premium determination
S.C. Code Ann. § 38-63-620— Calculation of cash surrender values, paid-up nonforfeiture benefits, adjusted premiums, and present values; net value of paid-up additions
S.C. Code Ann. § 38-63-630— Cash surrender value of policies issued on or after January 1, 1986
S.C. Code Ann. § 38-63-640— Excepted policies
S.C. Code Ann. § 38-63-650— Operative date of article
S.C. Code Ann. § 38-63-660— Promulgation of regulations