{"data":{"id":"us-sc/s.c.-code-ann.-38-55-110","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-55-110","heading":"Reserve requirements for tontine policies.","body":"In order to pay endowments as they severally mature, as well as to pay all other benefits incorporated in the policies, certificates, or contracts of insurance, a life insurer, fraternal benefit society, or mutual aid association operating in this State upon a plan described in SECTION 38-55-90 shall establish and maintain on each policy a reserve upon a basis not lower than the American Experience Table of Mortality, full preliminary term, Illinois Standard, and interest assumption of three and one-half percent, covering each contingency provided for in the policy.","path":["Title 38 - INSURANCE","CHAPTER 55 Conduct of Insurance Business","ARTICLE 1 General Provisions"],"source_url":"https://www.scstatehouse.gov/code/t38c055.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:13:54Z","sha256":"eb7dcf7413de3de542503cce00d75f82814f3c8c5cafe528e4a0216c41410e55","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-55-100","next":"us-sc/s.c.-code-ann.-38-55-120"},"notice":"GroundRules: Original legal text. Not legal advice."}