House
File
2219
H-8015
Amend
House
File
2219
as
follows:
1
1.
Page
1,
line
13,
by
striking
<
“a”
>
and
inserting
2
<
“b”
>
3
2.
Page
22,
after
line
9
by
inserting:
4
<
Sec.
___.
Section
508.37,
subsection
6,
paragraph
5
h,
Code
2014,
is
amended
by
adding
the
following
new
6
subparagraph:
7
NEW
SUBPARAGRAPH
.
(8)
For
policies
issued
on
8
or
after
the
operative
date
of
the
valuation
manual,
9
the
valuation
manual
shall
provide
the
Commissioners
10
Standard
Mortality
Table
for
use
in
determining
the
11
minimum
nonforfeiture
standard
that
may
be
substituted
12
for
the
Commissioners
1961
Standard
Industrial
13
Mortality
Table
or
the
Commissioners
1961
Industrial
14
Extended
Term
Insurance
Table.
If
the
commissioner
15
approves
by
regulation
any
Commissioners
Standard
16
Industrial
Mortality
Table
adopted
by
the
national
17
association
of
insurance
commissioners
for
use
in
18
determining
the
minimum
nonforfeiture
standard
for
19
policies
issued
on
or
after
the
operative
date
of
the
20
valuation
manual,
then
that
minimum
nonforfeiture
21
standard
supersedes
the
minimum
nonforfeiture
standard
22
provided
by
the
valuation
manual.
>
23
3.
Page
22,
line
19,
after
<
percent
>
by
inserting
24
<
,
provided,
however,
that
the
nonforfeiture
interest
25
rate
shall
not
be
less
than
four
percent
>
26
4.
By
renumbering
as
necessary.
27
______________________________
PETTENGILL
of
Benton
-1-
HF2219.2717
(1)
85
rj/nh
1/
1
#1.
#2.
#3.
#4.