Loading chat...
SC H4457
Bill
Status
Introduced
4/30/2025
Primary Sponsor
Craig Gagnon
Click for details
AI Summary
-
Amends Section 38-27-610 of the South Carolina Code regarding priority of distribution for claims in insurer liquidation proceedings
-
Adds "funding agreements" to the list of Class 2 priority claims alongside life insurance and annuity policies
-
Claims under life insurance, annuity policies, and funding agreements for death proceeds, annuity proceeds, or investment values are treated as loss claims
-
Takes effect upon approval by the Governor
Legislative Description
Insurer liquidation
Last Action
Referred to Committee on Labor, Commerce and Industry
4/30/2025
Committee Referrals
Labor, Commerce and Industry4/30/2025
Full Bill Text
No bill text available