Relates to dividend benefits regarding deferred income annuities.
Revise a certain provision regarding standard nonforfeiture amounts for individual deferred annuities.
Establishes requirements regarding processing of requests to surrender or annuitize matured annuities.
Annuities: cash surrender benefits.
Insurance: annuities and life insurance policies.
Relating to annuities; and prescribing an effective date.
Provides for technical recodification of certain provisions of the La. Insurance Code relative to life insurance and annuities
Relating to the sale and marketing of life insurance and annuities.
Insurance Dept., life and annuity policies, standard nonforfeiture law for individual deferred annuities, group capital calculation and stress test, providing for holding companies, duties to Commission and lead state commissioner, small company alternative valuation provision, exemptions, exemption premium based on valuation manual of NAIC, Commissioner of Insurance may regulate by rule, Secs. 27-15-28.2, 27-29-1, 27-29-3, 27-29-4, 27-29-7, 27-36A-20 am'd.
Insurance Dept., life and annuity policies, standard nonforfeiture law for individual deferred annuities, group capital calculation and stress test, providing for holding companies, duties to Commission and lead state commissioner, small company alternative valuation provision, exemptions, exemption premium based on valuation manual of NAIC, Commissioner of Insurance may regulate by rule, Secs. 27-15-28.2, 27-29-1, 27-29-3, 27-29-4, 27-29-7, 27-36A-20 am'd.