KY HB80 | 2011 | Regular Session
Status
Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on January 4 2011 - 25% progression, died in committee
Action: 2011-01-04 - to Banking & Insurance (H)
Pending: House Banking and Insurance Committee
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on January 4 2011 - 25% progression, died in committee
Action: 2011-01-04 - to Banking & Insurance (H)
Pending: House Banking and Insurance Committee
Text: Latest bill text (Draft #1) [MS Word]
Summary
Amend KRS 304.15-365 to prohibit surrender charges beyond the maturity date of an annuity except for certain annuity contracts with renewable periods with an interest rate in excess of the minimum rate, and that meet certain conditions; allow an annuity contract that provides flexible considerations to have a separate surrender charge schedule and separate calculation of maturity dates.
Title
AN ACT relating to annuity nonforfeiture provisions.
Sponsors
| Rep. Ron Crimm [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-01-04 | to Banking & Insurance (H) | |
| 2011-01-04 | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/11RS/HB80.htm |
| Text | http://www.lrc.ky.gov/record/11RS/HB80/bill.doc |
