Enrolled Bill Summary

Senate Bill 1107	Senate Author:  Eltife
Effective:  6-9-15	House Sponsor:  Smithee

            Senate Bill 1107 amends the Insurance Code to authorize the commissioner of insurance to adopt reasonable standards for contingent deferred annuity contracts. The bill exempts a contingent deferred annuity contract from statutory provisions governing standard nonforfeiture law for certain life insurance annuities.