summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to annuity nonforfeiture. Financial Services.
AI Summary
This bill amends Chapter 175, Section 144A1/2 of Massachusetts law by striking out the number "1" and replacing it with the number ".15" in a section related to annuity nonforfeiture provisions. This change appears to adjust the minimum nonforfeiture amount for certain types of annuity contracts, though additional context about the specific provisions being modified would be needed to fully understand the implications of this change.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see H4705 (on 06/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H1071 |
| BillText | https://malegislature.gov/Bills/193/H1071.pdf |
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