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Lobbyist requests bill to change Kansas annuity nonforfeiture rules to match NAIC model
Summary
A lobbyist for Prudential Financial asked the Committee on Insurance to introduce bill request RS 26RS2934 to change Kansas’ standard nonforfeiture law for annuities, aligning state rules with the NAIC model and exempting contingent deferred annuities from certain nonforfeiture requirements. The committee submitted the request with no objections.
Representative: Matt Hickam, HBS lobbyist for Prudential Financial, asked the Committee on Insurance to introduce a bill to change Kansas’ standard nonforfeiture law for annuities.
"My name is Matt Hickam, with the lobbying firm HBS representing Prudential Financial. We have a bill a request for a bill introduction. Their RS number is 26RS2934," Hickam said, explaining the proposal would "align the state with the current NAIC model…
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