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House Bill 1191


 

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House Bill 1191

ARCHIVE (2002)

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DIGEST OF HB 1191 (Updated March 14, 2002 10:54 PM - DI 97)

Insurance. Amends the interest rate upon which the minimum nonforfeiture amount for annuity contracts issued from July 1, 2002, through June 30, 2004, is based. Imposes certain requirements on depository institutions that sell, solicit, advertise, or offer insurance. Makes a violation of the requirements an unfair and deceptive act and practice in the business of insurance. Provides for treatment of a segregated investment account in the event of liquidation of an insurer.
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