Bill Text: SC S1233 | 2013-2014 | 120th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Annuity mortality tables for use in determining reserve liabilities for annuities (D. No. 4453)

Spectrum: Committee Bill

Status: (Passed) 2014-09-08 - Act No. 318 [S1233 Detail]

Download: South_Carolina-2013-S1233-Introduced.html

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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

INTRODUCED

April 16, 2014

S. 1233

Introduced by Banking and Insurance Committee

S. Printed 4/16/14--S.

Read the first time April 16, 2014.

            

A JOINT RESOLUTION

TO APPROVE REGULATIONS OF THE DEPARTMENT OF INSURANCE, RELATING TO ANNUITY MORTALITY TABLES FOR USE IN DETERMINING RESERVE LIABILITIES FOR ANNUITIES, DESIGNATED AS REGULATION DOCUMENT NUMBER 4453, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE 1976 CODE.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    The regulations of the Department of Insurance, relating to Annuity Mortality Tables For Use In Determining Reserve Liabilities For Annuities, designated as Regulation Document Number 4453, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the 1976 Code, are approved.

SECTION    2.    This joint resolution takes effect upon approval by the Governor.