HB2540 — Exempting contingent deferred annuities from certain requirements of the standard nonforfeiture law for individual deferred annuities act and authorizing the commissioner of insurance to establish nonforfeiture benefits for such contingent deferred annuities through rules and regulations.

HB2540 — Exempting contingent deferred annuities from certain requirements of the standard nonforfeiture law for individual deferred annuities act and authorizing the commissioner of insurance to establish nonforfeiture benefits for such contingent deferred annuities through rules and regulations. · Informed CitizenryThis act amends K.S.A. 40-4,102 and repeals the existing section to address contingent deferred annuities. The law specifies that certain types of contracts are exempt from this act, including rein…Open in Informed Citizenry