S5315 (2025-26 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
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-07
- In committee
- Insurance
- Introduced
- 2025-02-20
- Law section
- Insurance Law
Sponsors
- Jamaal T. Bailey State Senator, District 36
Heard in committee
- Insurance NY State Senate committee