Florida Senate - 2009                          SENATOR AMENDMENT
       Bill No. CS for CS for SB 1372
       
       
       
       
       
       
                                Barcode 404968                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                Floor: 2/AD/2R         .                                
             04/29/2009 03:09 PM       .                                
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       Senator Bennett moved the following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 326 - 353
    4  and insert:
    5         Section 10. Section 817.2351, Florida Statutes, is created
    6  to read:
    7         817.2351 Fraudulent financial services transactions when
    8  victim is 65 years of age or older; penalty.—
    9         (1) It is unlawful and a violation of the provisions of
   10  this chapter for a natural person, in connection with the
   11  rendering of any advice or the offer, sale, or purchase of any
   12  annuity product to a person who is 65 years of age or older,
   13  including, but not limited to, “twisting” as defined in s.
   14  626.9541(1) or “churning” as defined in s. 626.9541(1)(aa) of
   15  insurance products, to directly or indirectly:
   16         (a) Employ any device, scheme, or artifice to defraud a
   17  person;
   18         (b) Engage in any transaction, practice, or course of
   19  business that operates or would operate as a fraud or deceit
   20  upon a person; or
   21         (c) Knowingly and willfully falsify, conceal, or cover up,
   22  by any trick, scheme, or device, a material fact, make any
   23  false, fictitious, or fraudulent statement or representation, or
   24  make or use any false writing or document while knowing such
   25  writing or document to contain any false, fictitious, or
   26  fraudulent statement or entry.
   27         (2) Any natural person who violates this section commits a
   28  felony of the third degree, punishable as provided in s. 775.082
   29  or s. 775.083.
   30         (3) This section does not apply to transactions governed by
   31  chapter 494, chapter 496, chapter 501, chapter 516, chapter 517,
   32  chapter 560, or chapters 655-667.