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The Committee on General Government Appropriations (Bennett)

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recommended the following amendment:

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     Senate Amendment

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     Delete line(s) 513-521

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and insert:

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     (8) APPLICATION TO VARIABLE ANNUITIES AND VARIABLE LIFE

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INSURANCE.--Compliance with the Financial Industry Regulatory

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Authority National Association of Securities Dealers Conduct

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Rules in effect on May 5, 2008 January 1, 2004, shall satisfy the

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requirements under this section for the recommendation of

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variable annuities and variable life insurance. This section does

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not limit the department's ability to enforce the provisions of

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this section with respect to insurance agents, insurance

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agencies, and managing general agents, or the office's ability to

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enforce the provisions of this section with respect to insurers.

3/27/2008  2:47:00 PM     21-05987A-08