HB 2609 Annuity contracts; minimum interest rate.
L. Preston Bryant, Jr. | all patrons    ...    notes
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Summary as passed: (all summaries)
Annuity contracts; minimum interest rate. Reduces the minimum interest rate on individual deferred annuities issued by insurance companies between April 1, 2003, and July 1, 2005, from three percent to 1.5 percent per year. The interest rate applies to minimum nonforfeiture amounts applicable to net considerations, partial withdrawals, and partial surrenders. The measure has an emergency clause.

Full text:
01/08/03  House: Pres. & ord. printed w/emg. clause pref.01/08/03 030029652  pdf | impact statement
01/17/03  House: Committee substitute printed 030338652-H1  pdf | impact statement
02/27/03  House: Bill text as passed House and Senate (HB2609ER)  pdf | impact statement
03/26/03  Governor: Acts of Assembly Chapter text (CHAP0440)  pdf

Status:
01/08/03  House: Pres. & ord. printed w/emg. clause pref.01/08/03 030029652
01/08/03  House: Referred to Committee on Commerce and Labor
01/16/03  House: Reported from C. & L. with substitute (22-Y 0-N)
01/17/03  House: Committee substitute printed 030338652-H1
01/20/03  House: Read first time
01/21/03  House: Read second time
01/21/03  House: Committee substitute agreed to 030338652-H1
01/21/03  House: Engrossed by House - committee substitute 030338652-H1
01/22/03  House: Read third time and passed House (99-Y 0-N)
01/22/03  House: VOTE: PASSAGE EMERGENCY (99-Y 0-N)
01/22/03  House: Communicated to Senate
01/23/03  Senate: Constitutional reading dispensed
01/23/03  Senate: Referred to Committee on Commerce and Labor
02/10/03  Senate: Reported from Commerce and Labor (15-Y 0-N)
02/12/03  Senate: Const. reading disp., passed by for the day (40-Y 0-N)
02/12/03  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
02/13/03  Senate: Read third time
02/13/03  Senate: Passed Senate (39-Y 0-N)
02/13/03  Senate: VOTE: PASSAGE R (39-Y 0-N)
02/13/03  Senate: Rec. of Sen. passage agreed to by Senate (38-Y 0-N)
02/13/03  Senate: VOTE: (38-Y 0-N)
02/13/03  Senate: Passed Senate (38-Y 0-N)
02/13/03  Senate: VOTE: (38-Y 0-N)
02/27/03  House: Bill text as passed House and Senate (HB2609ER)
03/05/03  House: Enrolled
03/05/03  House: Signed by Speaker
03/06/03  Senate: Signed by President
03/16/03  Governor: Approved by Governor-Chapter 440 (effective 3/16/03)
03/26/03  Governor: Acts of Assembly Chapter text (CHAP0440)