Legislature(2003 - 2004)
05/01/2003 02:20 PM Senate L&C
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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
CSSSHB 184(L&C)-INDIVIDUAL DEFERRED ANNUITIES
CHAIR BUNDE announced CSSSHB 184(L&C) to be up for
consideration,
SENATOR SEEKINS moved to adopt Amendment 1.
CHAIR BUNDE objected for discussion purposes and asked Ms. Seay
to explain it.
MS. WILLOW SEAY, staff to Representative Coghill, sponsor of HB
184, explained that the amendment had been added on the House
floor and that the sponsor would feel more comfortable if it was
removed because it adds confusion to the bill.
MS. KATIE CAMPBELL, Life and Health Actuary, Division of
Insurance, explained that the amendment proposed on the House
floor was intended to make sure that it would only apply to
contracts that are issued after the effective date of the act.
So if anyone has an annuity contract today, it won't change
that.
CHAIR BUNDE announced that there were no objections to Amendment
1 and it was adopted.
SENATOR SEEKINS moved to pass SCSSS CSHB 184(L&C) from committee
with its attached fiscal note. SENATORS FRENCH, SEEKINS, STEVENS
and BUNDE voted yea and HB 184 passed from committee.
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