Requires the Rhode Island life and health insurance guarantee association to be obligated to cover a minimum of five hundred thousand dollars ($500.000) in present value of annuity benefits, including net cash surrender and net cash withdrawal values.
To Amend The Standard Nonforfeiture Law For Life Insurance; And To Require An Insurer To Pay Interest On Deferred Payment Of Any Cash Surrender Value Under Certain Policies.
Revises certain eligibility requirements under NJ Aspire Program; establishes net neutral benefits test for redevelopment projects that incur certain sustainability and resiliency costs.