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MN SF3294

Bill

Official Source

Status

Introduced

2/21/2022

Primary Sponsor

Justin Eichorn

Click for details

Origin

Senate

92nd Legislature 2021-2022

AI Summary

  • Amends Minnesota Statutes 2020, section 118A.05 by adding a new subdivision 6 regarding fixed-rate annuities
  • Permits government entities to enter into contracts and agreements for fixed-rate annuities issued by United States insurance companies or mutual companies
  • Requires the issuing insurance company to be rated in one of the two highest rating categories by at least one nationally recognized statistical rating organization
  • Referred to Senate Local Government Policy Committee on February 21, 2022

Legislative Description

Government entities permission to enter into contacts and agreements for fixed-rate annuities

Last Action

Referred to Local Government Policy

2/21/2022

Committee Referrals

Local Government Policy2/21/2022

Full Bill Text

No bill text available