· NY legislature · 2025-2026

Modifies the interest rate within the standard nonforfeiture law for annuities

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.

Sponsor

Jamaal Bailey (D-NY)

Introduced

2025-02-20

Latest action

REFERRED TO INSURANCE