Comments: NY S03403 | 2023-2024 | General Assembly

Bill 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed) 2024-01-03 - REFERRED TO INSURANCE [S03403 Detail]

Text: Latest bill text (Introduced) [HTML]

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