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S03403 Summary:

BILL NOS03403
 
SAME ASSAME AS A00694
 
SPONSORBRESLIN
 
COSPNSR
 
MLTSPNSR
 
Amd §4223, Ins L
 
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.
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