S3403 (2023-24 session)

NY State bill

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
Modifies the interest rate within the standard nonforfeiture law for annuities
Type
New York State Senate bill
Session
2023-24 session
Status
In Senate Committee
Latest action date
2024-01-03
In committee
Insurance
Introduced
2023-01-31
Same as
A694
Law section
Insurance Law

Sponsors

Heard in committee

Committee meetings

Committee meetings that took this bill up, from the Senate's published agendas. The Assembly does not publish its committee agendas in machine-readable form, so an Assembly committee's consideration of a bill is not on this list.

Sources