Insurance – Annuities – Nonforfeiture – Interest Rate
Sponsor: Brian J. Feldman (District 15)Committee: FinanceSubject: Insurance - Other than HealthStatus: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 693 (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 (5)
MGA witness listFAV 5Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Giacalone, Susan | AIG | Oral |
| FAV | Morton, Lapides | KARE | Oral |
| FAV | Karkhanis, Neallobbyist | Individual | Oral + Written (PDF) |
| FAV | Senator Feldman, Senator Feldmanlegislator | Individual | Oral |
| FAV | Senator Feldman, Senator Feldmanlegislator | Individual | Oral |
Organizations on record
Registered lobbyists who testified
FAVKarkhanis, NealRegistered for: American Council of Life Insurers; Tobacco-Free Kids Action Fund; City of Westminster; League of Life & Health Insurers of Maryland, Inc.; It Works Learning Center, Inc.; America's Health Insurance Plans…