Deferred annuities-minimum nonforfeiture.

This Wyoming bill (SF 75) sets a minimum interest rate of 1.15% for calculating the guaranteed minimum value that must be maintained in certain deferred annuity contracts sold in the state. It ensures insurance companies cannot use a lower rate than 1.15% when determining these minimum values, protecting policyholders from excessive value reductions. The rule applies only to new annuity contracts entered into on or after July 1, 2022. This directly affects Wyoming-based insurance companies selling annuities and the policyholders who hold these contracts.