NY S 5315
in committeeModifies the interest rate within the standard nonforfeiture law for annuities
New York · 2025-2026 Regular Session · upper
Description
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.
- Introduced
- —
- Status date
- —
- Latest action
- 2026-01-07 — REFERRED TO INSURANCE
- Bill type
- bill
- Last updated
- —
Sponsors
- Jamaal Baileyprimary
Committees
Not provided by source.
Action timeline
2025-02-20
REFERRED TO INSURANCE
referral-committee
2026-01-07
REFERRED TO INSURANCE
referral-committee
Versions
- S5315Compare
Documents
- application/pdf(no extracted text yet)
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Votes
Not provided by source.
Related bills
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z
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