NY A07700 | 2021-2022 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on May 20 2021 - 25% progression, died in committee
Action: 2022-01-05 - referred to insurance
Pending: Assembly Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on May 20 2021 - 25% progression, died in committee
Action: 2022-01-05 - referred to insurance
Pending: Assembly Insurance Committee
Text: Latest bill text (Introduced) [HTML]
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.
Title
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.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-05 | Assembly | referred to insurance |
| 2021-05-20 | Assembly | referred to insurance |
Same As/Similar To
S06667 (Same As) 2022-02-07 - referred to insurance
