HB1021: Insurance; minimum nonforfeiture interest rate for individual deferred annuities; decrease

Legislative Summary

A BILL to be entitled an Act to amend Code Section 33-28-3 of the Official Code of Georgia Annotated, relating to standard nonforfeiture provisions for individual deferred annuities, so as to decrease the minimum nonforfeiture interest rate for individual deferred annuities from 1 percent to 0.15 percent; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.