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HB1048: relative to minimum nonforfeiture amounts under the standard nonforfeiture law for individual deferred annuities.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Sponsors
- John Michael Potucek House ยท Rock 6
Topics
Official links
CHAPTER 105
HB 1048 - FINAL VERSION
2022 SESSION
22-2325
11/04
HOUSE BILL 1048
AN ACT relative to minimum nonforfeiture amounts under the standard nonforfeiture law for individual deferred annuities.
ANALYSIS
This bill modifies the interest rate used in determining minimum nonforfeiture amounts.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
22-2325
11/04
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Two
AN ACT relative to minimum nonforfeiture amounts under the standard nonforfeiture law for individual deferred annuities.
Be it Enacted by the Senate and House of Representatives in General Court convened:
105:1 Insurance; Minimum Nonforfeiture Amounts. Amend RSA 409-A:4, III(c) to read as follows:
(c) Where the resulting interest rate is not less than [one percent] 15 basis points (0.15 percent); and
105:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: May 27, 2022
Effective Date: July 26, 2022