Colorado Legislative Council Staff
NO FISCAL IMPACT
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.