{"data":{"id":"us-sc/s.c.-code-ann.-38-5-20","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-5-20","heading":"Certain charitable, religious, and other corporations authorized to issue annuities or pay lump-sum benefits without being subject to insurance laws.","body":"A charitable, religious, benevolent, or educational corporation, not operating for profit and in active operation for at least five years, may receive transfers of property conditioned upon its agreement to pay an annuity or lump-sum benefit to the transferor or his nominee without being subject to the insurance laws of this State. No corporation operating for profit, including nursing homes or any other type of business, is permitted to issue charitable or gift annuities without the director's or his designee's approval.","path":["Title 38 - INSURANCE","CHAPTER 5 Authority and Requirements to Transact Business"],"source_url":"https://www.scstatehouse.gov/code/t38c005.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:11:19Z","sha256":"c852a375b466847a838fd1c5521c081cd1c527b3d8aa5c1677d34148113cd2fa","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-5-10","next":"us-sc/s.c.-code-ann.-38-5-30"},"notice":"GroundRules: Original legal text. Not legal advice."}