§ 58-58-147. Surrender fees on death benefits.
§ 58‑58‑147. Surrender fees on death benefits.
No authorized insurer shalldeliver or issue for delivery in this State any deferred annuity contract thatcontains a provision that reduces the death benefit of the contract by asurrender fee when death occurs during the surrender period. (2007‑298, s. 1.2.)