Modifies the interest rate within the standard nonforfeiture law for annuities
Summary
Reduces the minimum nonforfeiture interest rate for annuities from one percent to one half of one percent for annuities during the surrender charge period, and from one percent to fifteen hundredths of one percent during any contract period with no surrender charge.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
Governor
Introduced Jan 11, 2023
Last action Jan 3, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 3, 2024
Committee
REFERRED TO INSURANCE
lower
Jan 11, 2023
Committee
REFERRED TO INSURANCE
lower
1 primary · 1 co-sponsor
Sponsors
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