2003 Regular Session

SENATE BILL 333

CHAPTER NUMBER: 82 File Code: Insurance - Other than Health
Sponsored By:
Senators Astle and Klausmeier
Entitled:
Individual Deferred Annuities - Minimum Nonforfeiture Amount - Interest Rate on Accumulations

Synopsis:

Reducing from 3% to 1.5% the interest rate applied to specified accumulations used to determine the minimum nonforfeiture amount under specified annuity contracts; providing for the termination of the Act; etc.

History by Legislative Date

Senate Action
1/31
First Reading Finance
2/10
Hearing 2/28 at 1:00 p.m.
3/17
Favorable with Amendments Report by Finance
3/18
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/20
Third Reading Passed (46-0)
4/2
Returned Passed
4/22
Signed by the Governor Chapter 82
House Action
3/20
First Reading Health and Government Operations
3/25
Hearing 3/28 at 1:00 p.m.
4/2
Favorable Report by Health and Government Operations
3/29
Favorable Report Adopted
Second Reading Passed
3/30
Third Reading Passed (137-0)
Sponsored by:
Senator John C. Astle, District 30
Senator Katherine A. Klausmeier, District 8
Bill indexed under the following Subjects:
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
INTEREST
SUNSET
Bill affects the following Statute:
Insurance
( 16-504 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 347873/01 (PDF)     Offered on: March 18, 2003   at: 11:35 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 20, 2003: Third Reading Passed (46-0)
House
March 30, 2003: Third Reading Passed (137-0)