Standard Nonforfeiture Law for Life Insurance | Midpage

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South Carolina Code of Laws

Article 5

Standard Nonforfeiture Law for Life Insurance

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