HB1352 Codifies the valuation of life insurance policies model regulation.
Sponsor: Auer, Ron (59) Effective Date:01/01/2001
CoSponsor: LR Number: 2568L.01I
Last Action: 01/20/2000 - Referred: Insurance (H)
HB1352
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1352 Copyright(c)
* Introduced

Available Bill Text for HB1352
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 1352 -- Life Insurance

Sponsor:  Auer

This bill requires life insurance companies to hold more cash
reserves to cover term life insurance policies.  The bill
codifies a model actuarial formula and actuarial table for life
insurance policy valuation prepared by the National Association
of Insurance Commissioners.  The bill has a January 1, 2001
effective date.


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Last Updated October 5, 2000 at 11:32 am