Introduced
by
To revise details of a law that establishes a “minimum nonforfeiture rate” used to determine its cash value for annuities in certain situations. The bill would change the current rate from 1% to 0.15%.
Referred to the Committee on Insurance and Banking
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 34 to 1 (details)
Referred to the Committee on Insurance
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 102 to 3 (details)
To revise details of a law that establishes a “minimum nonforfeiture rate” used to determine its cash value for annuities in certain situations. The bill would change the current rate from 1% to 0.15%.
