Bill Commons

NY S 5315

in committee

Modifies the interest rate within the standard nonforfeiture law for annuities

New York · 2025-2026 Regular Session · upper

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Quick answers

Did NY S 5315 pass?

Not yet. NY S 5315 is in committee and has not come to a final vote. Latest recorded action (2026-01-07): REFERRED TO INSURANCE

What is NY S 5315 about?

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.

Who sponsors NY S 5315?

Jamaal Bailey is the primary sponsor of NY S 5315.

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
—
Latest action
2026-01-07 — REFERRED TO INSURANCE
Bill type
bill
Last updated
—

Sponsors

  • Jamaal Baileyprimary

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-01-07

    REFERRED TO INSURANCE

    referral-committee

  2. 2025-02-20

    REFERRED TO INSURANCE

    referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

  • Prior session: S 6667not in this corpus
  • Prior session: S 3403not in this corpus

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/S5315?summary=&detail=

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

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