New York bills · 2025 Regular Session
New York S 5315
Modifies the interest rate within the standard nonforfeiture law for annuities
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Jamaal Bailey (Democratic/Working Families)
Summary
Official abstract published by the New York legislature
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.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 7, 2026 · Senate
REFERRED TO INSURANCE - Feb 20, 2025 · Senate
REFERRED TO INSURANCE