03RS HB225


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HB 225 (BR 1027) - T. Edmonds

     AN ACT relating to annuities.
     Amend KRS 304.15-315 to provide that for any contract issued between July 1, 2003, and July 1, 2005, the interest rate at which net considerations, prior withdrawals, and partial surrenders shall be accumulated for the purpose of determining nonforfeiture amounts shall be no less than 1.5% per annum.

     Jan 10-introduced in House
     Feb 4-to Banking and Insurance (H)
     Feb 5-posted in committee
     Feb 12-reported favorably, 1st reading, to Calendar
     Feb 13-2nd reading, to Rules
     Feb 18-posted for passage in the Regular Orders of the Day for Wednesday, February 19, 2003
     Feb 21-3rd reading, passed 96-0
     Feb 24-received in Senate
     Feb 25-to Banking and Insurance (S)
     Mar 4-reported favorably, 1st reading, to Consent Calendar
     Mar 5-2nd reading, to Rules
     Mar 6-posted for passage in the Consent Orders of the Day for Thursday, March 6, 2003
     Mar 10-3rd reading, passed 38-0; received in House
     Mar 11-enrolled, signed by each presiding officer; delivered to Governor
     Mar 12-signed by Governor (Acts ch. 55)

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