Insurance – Annuities – Nonforfeiture – Interest Rate
Sponsor: Lily Qi (District 15)Committee: Health and Government OperationsSubject: Insurance - Other than HealthStatus: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 692 (as of Nov 15, 2022)
What this bill does
Official synopsis
Altering the minimum interest rate from 1% to 0.15%, used to determine minimum nonforfeiture amounts for annuity contracts.
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Testimony (4)
MGA witness listFAV 4Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Giacalone, Susan | AIG | Oral |
| FAV | Celentano, Matthewlobbyist | Funk & Bolton, P.A. | Oral + Written (PDF) |
| FAV | Morton, Lapides | KARE | Oral |
| FAV | Delegate Qi, Delegate Qilegislator | Individual | Oral |
Organizations on record
Registered lobbyists who testified
FAVCelentano, MatthewFunk & Bolton, P.A.Registered for: 38 Degrees North; Advanced Energy United; Alliance of Maryland Dental Plans; Allstate Insurance Company; America's Health Insurance Plans; American Council of Life Insurers…