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Committee approves annuity non‑forfeiture change to preserve product availability
INSURANCE & COMMERCE - SENATE · March 30, 2021
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Summary
House Bill 16‑01 aligns Arkansas with an NAIC change lowering the minimum non‑forfeiture floor for deferred annuities to 0.15%, a move supporters say preserves product availability amid low interest rates; committee approved the bill by voice vote.
Derek Smith of the Mitchell Williams law firm presented House Bill 16‑01, which adopts the NAIC revised minimum non‑forfeiture model for individual deferred annuities.…
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