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CS/CS/SB 2442: Life Insurance & Annuity Contracts

GENERAL BILL by Finance and Taxation ; Banking and Insurance ; Margolis ; (CO-INTRODUCERS) Diaz de la Portilla

Life Insurance & Annuity Contracts; provides that certificate of authority is not required for certain life insurance policies or annuity contracts issued by insurer domiciled outside U.S. & covering only persons who are not residents of U.S.; specifies duties of insurers & insurance agents re making annuity investment recommendations to senior consumers; limits responsibility of insurers or insurance agents under certain circumstances, etc. Amends 624.402, 627.404; creates 627.4554.

Effective Date: 07/01/2004 except as otherwise provided
Last Action: 4/30/2004 Senate - Died in Committee on Appropriations Subcommittee on General Government, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 2994 (Ch. 2004-390)
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    3/1/2004 Senate • Prefiled
    3/10/2004 Senate • Introduced, referred to Banking and Insurance; Finance and Taxation; Appropriations Subcommittee on General Government; Appropriations -SJ 00232
    4/8/2004 Senate • On Committee agenda-- Banking and Insurance, 04/13/04, 12:30 pm, 110-S
    4/13/2004 Senate • CS by Banking and Insurance; YEAS 11 NAYS 0 -SJ 00646; CS read first time on 04/15/04 -SJ 00651
    4/15/2004 Senate • Now in Finance and Taxation -SJ 00646; On Committee agenda-- Finance and Taxation, 04/20/04, 3:30 pm, 37-S
    4/20/2004 Senate • CS/CS by Finance and Taxation; YEAS 5 NAYS 0 -SJ 00868; CS read first time on 04/23/04 -SJ 00871
    4/23/2004 Senate • Now in Appropriations Subcommittee on General Government -SJ 00868
    4/30/2004 Senate • Died in Committee on Appropriations Subcommittee on General Government, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 2994 (Ch. 2004-390)

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  • CS/CS/SB 2442, Committee Substitute 2 (Current Bill Version) Posted 4/22/2004 at 6:39 PM

    Bill Text:   Web Page | PDF
    Analyses:   Finance and Taxation (Post-Meeting) 4/20/2004 (pdf)

    Related Bills (4)

    Bill Number Subject Filed By Relationship Last Action and Location
    H 965 Murzin Compare Last Action: 4/30/2004 H Died in Committee on Commerce, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 2994 (Ch. 2004-390)
    Location:
    H 1643 Llorente Compare Last Action: 4/30/2004 H Died on Calendar
    Location:
    S 2280 (c1) Annuity Investments by Seniors Atwater Compare Last Action: 4/30/2004 H Died in Committee on Commerce, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 2994 (Ch. 2004-390)
    Location:
    S 2994 (e2) Posey Compare Last Action: 7/1/2004 Approved by Governor; Chapter No. 2004-390; See also CS/CS/SB 2038 (Ch. 2004-370), CS/SB 2588 (Ch. 2004-374), CS/SB 2960 (Ch. 2004-340)
    Location:

    Committee Votes (1)

    Date Committee Result
    4/20/2004 3:30 PM Finance and Taxation 5 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    624.402 Exceptions, certificate of authority required.
    627.404 Insurable interest; personal insurance.
    627.4554

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  • CS/SB 2442, Committee Substitute 1 Posted 4/15/2004 at 1:51 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Post-Meeting) 4/15/2004 (pdf)

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    624.402 Exceptions, certificate of authority required.
    627.404 Insurable interest; personal insurance.

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  • SB 2442, Original Filed Version Posted 3/2/2004 at 11:10 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Committee Votes (1)

    Date Committee Result
    4/14/2004 12:30 AM Banking and Insurance 11 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    624.402 Exceptions, certificate of authority required.

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