Sen. William R. Haine

Filed: 4/8/2014

 

 


 

 


 
09800SB0646sam002LRB098 04895 AMC 58487 a

1
AMENDMENT TO SENATE BILL 646

2    AMENDMENT NO. ______. Amend Senate Bill 646, AS AMENDED,
3with reference to page and line numbers of Senate Amendment No.
41, on page 14, line 13, after the period, by inserting
5"Notwithstanding the foregoing, a society may fully repay,
6credit, or forgive an assessment from the date of death of any
7life insured under a certificate so long as the plan to forgive
8or repay the assessment is certified by an independent actuary
9and filed with the Director to make reasonable and adequate
10provision for the forgiveness or repayment of the assessment to
11all assessed society members as a result of the death.".