Colorado Legislative Council Staff

NO FISCAL IMPACT


Drafting Number:

Prime Sponsor(s):

LLS 99-0830

Rep. King

Sen. Teck

Date:

Bill Status:

Fiscal Analyst:

March 31, 1999

House Business Affairs

Will Meyer (303-866-4976)

 

TITLE:            CONCERNING THE CALCULATION OF AMOUNTS TRANSFERRED FROM A LIFE INSURER TO A BENEFICIARY OR POLICYHOLDER.



Summary of Assessment


            This bill changes the way in which interest penalties paid by insurers on life insurance proceeds are calculated. These changes will not impact the workload of the Division of Insurance, Department of Regulatory Agencies, or any other state agency or unit of local government. Therefore, this bill is assessed as having no fiscal impact.



Departments Contacted


            Regulatory Agencies