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SF0075

Deferred annuities-minimum nonforfeiture.

Year
2022
Status
✓ Signed Into Law
Sponsor
Corporations
Committee
Corporations, Elections & Political Subdivisions
Joint
Introduced
Feb 14, 2022
4 years ago
Last Action
Assigned Chapter Number 38
Signed
Mar 9, 2022
Effective: Jul 1, 2022

Bill Synopsis

Lowers the minimum interest rate on deferred annuity savings accounts from 1% to 0.15%, reducing the guaranteed return insurers must provide to customers.

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Documents & Resources

View Full Bill Text (PDF)
Official bill document
Last Action
Assigned Chapter Number 38
Enrolled Act No.
Act #17
Chapter: 0038
Signed: 3/9/2022
Effective: 7/1/2022

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