House Sponsors: BRUNSVOLD-GRANBERG-RUTHERFORD-PARKE-YARBROUGH, HASSERT AND BEAUBIEN. Senate Sponsors: PETERSON Short description: INS ANNUITY FORFEIT RATE Synopsis of Bill as introduced: Amends the Illinois Insurance Code. Provides that from July 1, 2002 until July 1, 2005 the rate of interest used in calculating minimum nonforfeiture amounts for certain contracts shall be 1.5%, rather than 3%, per year. Effective July 1, 2002. FISCAL NOTE (Department of Insurance) House Bill 5607 will have no fiscal impact on the Department. Last action on Bill: PUBLIC ACT.............................. 92-0541 Last action date: JUN-12-2002 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status