S 0857 — AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 38-1-20, RELATING TO INSURANCE LAW DEFINITIONS, SO AS TO DEFINE THE TERM "CONTINGENT DEFERRED ANNUITY"; BY AMENDING SECTION 38-69-220, RELATING TO EXCEPTIONS FROM OPERATION OF THE STANDARD NONFORFEITURE LAW FOR INDIVIDUAL DEFERRED ANNUITIES, SO AS TO ADD AN EXCEPTION FOR CERTAIN PROVISIONS OF THE STANDARD NONFORFEITURE LAW FOR INDIVIDUAL DEFERRED ANNUITIES, AND TO PROVIDE THE DEPARTMENT OF INSURANCE MAY PROMULGATE REGULATIONS FOR NONFORFEITURE BENEFITS FOR CONTINGENT DEFERRED ANNUITIES IN THE DISCRETION OF THE DIRECTOR OF THE DEPARTMENT IN CERTAIN CIRCUMSTANCES; AND BY AMENDING SECTION 38-44-20, RELATING TO DEFINITIONS IN THE MANAGING GENERAL AGENTS ACT, SO AS TO MAKE A CONFORMING CHANGE. - RATIFIED TITLE
Last action — Act No. 178
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 28, 2026. Enacted.
Signed by Governor Henry McMaster (Republican) on May 18, 2026.
Odds of enactment
High chanceBased on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Mixed recorded votes
1 passed, 1 failed in recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
In plain language
The bill updates definitions and regulations related to contingent deferred annuities in South Carolina insurance law.
This bill amends existing laws to define 'contingent deferred annuity' and alters nonforfeiture provisions for such annuities. It also allows the Department of Insurance to regulate nonforfeiture benefits under certain circumstances.
Summary
Contingent Deferred Annuities
Bill Text
- Full text View text Current html
Action History
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Act No. 178
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Effective date 08/16/26
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Signed By Governor
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Ratified R 157
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Read third time and enrolled (House Journal-page 2)
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Unanimous consent for third reading on next legislative day (House Journal-page 70)
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Roll call Yeas-105 Nays-0 (House Journal-page 68)
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Read second time (House Journal-page 68)
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Debate adjourned
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Debate adjourned until Wed., 5-6-26 (House Journal-page 37)
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Committee report: Favorable Labor, Commerce and Industry (House Journal-page 6)
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Referred to Committee on Labor, Commerce and Industry (House Journal-page 61)
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Introduced and read first time (House Journal-page 61)
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Read third time and sent to House (Senate Journal-page 10)
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Roll call Ayes-44 Nays-0 (Senate Journal-page 35)
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Read second time (Senate Journal-page 35)
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Committee Amendment Adopted (Senate Journal-page 35)
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Committee report: Favorable with amendment Banking and Insurance (Senate Journal-page 8)
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Referred to Committee on Banking and Insurance (Senate Journal-page 6)
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Introduced and read first time (Senate Journal-page 6)
Sponsors
- Senator Ross Turner · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 169 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (169)
169 members have not signed on to this bill.
Show all 169 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 0 | 0 | 0 | 2 |
| Total | 0 | 0 | 0 | 2 |
| % of votes cast | 0% | 0% | 0% | 100% |
How each member voted (2)
| Member | Party | Vote |
|---|---|---|
| Senator Margie Bright Matthews | — | Not Voting |
| Senator Overture Walker | — | Not Voting |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 100 | 0 | 0 | 18 |
| Republican | 3 | 0 | 0 | 0 |
| Democrat | 1 | 0 | 0 | 1 |
| Total | 104 | 0 | 0 | 19 |
| % of votes cast | 85% | 0% | 0% | 15% |
How each member voted (123)
Subjects
Frequently asked questions
- What does S 0857 do?
- Contingent Deferred Annuities
- Who sponsors S 0857?
- S 0857 is sponsored by Senator Ross Turner.
- What is the current status of S 0857?
- This bill has been enacted into law. Introduced January 28, 2026. Enacted.
- Where can I track S 0857?
- Track S 0857 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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