Florida House Bill 1065 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (? 2-1)
Status: Failed on March 9 2012 - 100% progression
Action: 2012-03-09 - Died in Banking and Insurance
Text: Latest bill text (Comm Sub) [PDF]

Provides that recommendations relating to annuities made by insurer or its agents apply to all consumers not just senior consumers; revises & provides definitions; revises duties of insurers & agents; provides that recommendations must be based on consumer suitability information; revises information relating to annuities that must be provided by insurer or its agent to consumer; revises requirements for monitoring contractors that provide certain functions for insurer relating to insurer's system for supervising recommendations; revises provisions relating to relationship between act & federal Financial Industry Regulatory Authority; deletes provision providing cap on surrender or deferred sales charges; prohibits specified charges for annuities issued to persons 65 years of age or older; increases period of time that unconditional refund must remain available with respect to certain annuity contracts; makes such unconditional refunds available to all prospective annuity contract buyers without regard to buyer's age; revises requirements for cover pages of annuity contracts.

Annuities

Sen. Douglas Broxson [R]

House Economic Affairs Committee

House Insurance and Banking Subcommittee

2012-02-23 - House - House: Third Reading RCS#874 (Y: 114 N: 0 NV: 6 Abs: 0) [PASS]

Date	Chamber	Action
2012-03-09		Died in Banking and Insurance
2012-03-05		Referred to Banking and Insurance; Budget Subcommittee on General Government Appropriations; Budget -SJ 826
2012-03-05		Received -SJ 826
2012-02-24		In Messages
2012-02-23		CS passed; YEAS 114 NAYS 0 -HJ 779
2012-02-23		Read 3rd time -HJ 778
2012-02-22		Placed on 3rd reading
2012-02-22		Read 2nd time -HJ 729
2012-02-20		Placed on Special Order Calendar, 02/22/12
2012-02-20		Pending review of CS -under Rule 7.19(c)
2012-02-16		CS/CS by- Economic Affairs Committee; YEAS 14 NAYS 0 -HJ 685
2012-02-14		On Committee agenda-- Economic Affairs Committee, 02/16/12, 11:30 am, Reed Hall
2012-02-13		Now in Economic Affairs Committee -HJ 601
2012-02-13		Favorable by Government Operations Appropriations Subcommittee; YEAS 12 NAYS 0 -HJ 601
2012-02-09		On Committee agenda-- Government Operations Appropriations Subcommittee, 02/13/12, 1:45 pm, 404 HOB
2012-02-02		CS by Insurance and Banking Subcommittee read 1st time -HJ 447
2012-02-02		Now in Government Operations Appropriations Subcommittee -HJ 451
2012-02-01		Pending review of CS under Rule 7.19(c)
2012-01-30		CS by Insurance and Banking Subcommittee; YEAS 14 NAYS 0 -HJ 455
2012-01-26		On Committee agenda-- Insurance and Banking Subcommittee, 01/30/12, 2:00 pm, 404 HOB
2012-01-10		Introduced -HJ 104
2011-12-28		Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Economic Affairs Committee -HJ 104
2011-12-16		Filed

Chapter	Article	Section	Citation Type	Statute Text
626	99		Amended Code	See Bill Text
627	4554		Amended Code	See Bill Text

Type	Source
Summary	http://www.flsenate.gov/Session/Bill/2012/1065
Text	http://www.flsenate.gov/Session/Bill/2012/1065/BillText/Filed/PDF
Text	http://www.flsenate.gov/Session/Bill/2012/1065/BillText/c1/PDF
Text	http://www.flsenate.gov/Session/Bill/2012/1065/BillText/c2/PDF
Roll Call	http://www.flsenate.gov/Session/Bill/2012/1065/Vote/HouseVote_h1065c2874.PDF