HB 981: Annuity Contracts for Seniors
GENERAL BILL by Fitzgerald ; (CO-INTRODUCERS) Anderson ; Rader ; Steinberg
Annuity Contracts for Seniors; Revises consumer protection requirement relating to designation of beneficiaries of life insurance policy; provides additional ground for taking adverse action against license or appointment of specified persons; expands prohibition against DFS issuing license to specified persons for specified activities; revises prohibition against life agents handling placement of coverage under life insurance policies under specified circumstances, etc.
Effective Date: 07/01/2009
Last Action: 5/2/2009 House - Indefinitely postponed and withdrawn from consideration; Died in Committee on Insurance, Business, & Financial Affairs Policy (GGPC)
Bill Text: Web Page | PDF
Last Action: 5/2/2009 House - Indefinitely postponed and withdrawn from consideration; Died in Committee on Insurance, Business, & Financial Affairs Policy (GGPC)
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 2/18/2009 House • Filed
3/3/2009 House • Introduced -HJ 00078
3/5/2009 House • Referred to Insurance, Business, & Financial Affairs Policy (GGPC); Civil Justice & Courts Policy (CCJP); General Government Policy Council; Full Appropriations Council on General Government & Health Care -HJ 00182
5/2/2009 House • Indefinitely postponed and withdrawn from consideration; Died in Committee on Insurance, Business, & Financial Affairs Policy (GGPC)
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HB 981, Original Filed Version (Current Bill Version) Posted 2/26/2009 at 5:37 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location S 1372 (e2) Insurance [CPSC] Bennett Compare Last Action: 5/2/2009 H Indefinitely postponed and withdrawn from consideration; Died in Committee on Insurance, Business, & Financial Affairs Policy (GGPC)
Location:Citations - Statutes (8)
Citation Catchline Location in Bill Location In Bill Help 624.310 Enforcement; cease and desist orders; removal of certain persons; fines. 626.025 Consumer protections. 626.621 Grounds for discretionary refusal, suspension, or revocation of agent's, adjuster's, customer representative's, service representative's, or managing general agent's license or appointment. 626.641 Duration of suspension or revocation. 626.798 Life agent as beneficiary; prohibition. 626.9521 Unfair methods of competition and unfair or deceptive acts or practices prohibited; penalties. 626.99 Life insurance solicitation. 627.4554 Annuity investments by seniors.