| 1 | 1 | | 1 of 1 |
|---|
| 2 | 2 | | HOUSE DOCKET, NO. 2833 FILED ON: 1/16/2025 |
|---|
| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 1328 |
|---|
| 4 | 4 | | The Commonwealth of Massachusetts |
|---|
| 5 | 5 | | _________________ |
|---|
| 6 | 6 | | PRESENTED BY: |
|---|
| 7 | 7 | | Todd M. Smola |
|---|
| 8 | 8 | | _________________ |
|---|
| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
|---|
| 10 | 10 | | Court assembled: |
|---|
| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
|---|
| 12 | 12 | | An Act relative to annuity benefit insurance. |
|---|
| 13 | 13 | | _______________ |
|---|
| 14 | 14 | | PETITION OF: |
|---|
| 15 | 15 | | NAME:DISTRICT/ADDRESS :DATE ADDED:Todd M. Smola1st Hampden1/16/2025 1 of 2 |
|---|
| 16 | 16 | | HOUSE DOCKET, NO. 2833 FILED ON: 1/16/2025 |
|---|
| 17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. 1328 |
|---|
| 18 | 18 | | By Representative Smola of Warren, a petition (accompanied by bill, House, No. 1328) of Todd |
|---|
| 19 | 19 | | M. Smola for legislation to increase maximum liabilities of annuity benefit insurance payable by |
|---|
| 20 | 20 | | the Massachusetts Life and Health Insurance Guaranty Association. Financial Services. |
|---|
| 21 | 21 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
|---|
| 22 | 22 | | SEE HOUSE, NO. 1153 OF 2023-2024.] |
|---|
| 23 | 23 | | The Commonwealth of Massachusetts |
|---|
| 24 | 24 | | _______________ |
|---|
| 25 | 25 | | In the One Hundred and Ninety-Fourth General Court |
|---|
| 26 | 26 | | (2025-2026) |
|---|
| 27 | 27 | | _______________ |
|---|
| 28 | 28 | | An Act relative to annuity benefit insurance. |
|---|
| 29 | 29 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
|---|
| 30 | 30 | | of the same, as follows: |
|---|
| 31 | 31 | | 1 SECTION 1. Clause (iii) of paragraph (b) of subsection (3) of section 146B of chapter |
|---|
| 32 | 32 | | 2175 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by |
|---|
| 33 | 33 | | 3striking out the words “one hundred thousand dollars,” in line 160, and inserting in place thereof |
|---|
| 34 | 34 | | 4the following words:- |
|---|
| 35 | 35 | | 5 "five hundred thousand dollars." |
|---|
| 36 | 36 | | 6 SECTION 2. Said clause (iii) of said paragraph (b) of said subsection (3) of said section |
|---|
| 37 | 37 | | 7146B of said chapter 175 of the General Laws is hereby further amended by striking out the |
|---|
| 38 | 38 | | 8words “three hundred thousand dollars,” in lines 132 to 133, inclusive, and inserting in place |
|---|
| 39 | 39 | | 9thereof the following words:- 2 of 2 |
|---|
| 40 | 40 | | 10 "five hundred thousand dollars." |
|---|