Changes to Florida’s annuity-sales law draw flak
Office of Insurance Regulation, Florida Legislature, annuities, Insurance Regulation News, Governor Rick Scott
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Insurers, financial planners still spar over Florida’s new annuity-sales law to protect seniors
Office of Insurance Regulation, annuities, Insurance Regulation News
Bill Would Adopt Interstate Insurance Product Regulation Compact
Senate bill 1386 proposed for the 2012 legislative session would adopt the Interstate Insurance Product Regulation Compact in Florida and improve the efficiency of bringing certain products to market in this state. The bill recognizes that the marketplace for lif insurance, annuities, disability income insurance and long-term care insurance have changed over the years warranting […]
Letters to the Editor: Jeff Atwater on insurance case
Safeguard Our Seniors Becomes Law
Along with Governor Charlie Crist’s approval of a bill streamlining commercial insurance rates (SB 2176) came approval of the “Safeguard Our Seniors” annuity legislation. The “safeguard Our Seniors” provisions were added to the commercial deregulation bill late in teh session and mark the culmination of three-year effort by CFO Alex Sink to pursue changes to […]
Safeguard Our Seniors Heads to Governor’s Desk
Senator Mike Bennett, Representative Maria Sachs and CFO Alex Sink, among others, have been pursuing legislation for several sessions to increase regulatory protections for senior citizens in annuity transactions. Although the proposals appeared at times to be stalled in the current session, they were amended onto a broader insurance bill at the end of the session […]