Florida Senate - 2009                        COMMITTEE AMENDMENT
       Bill No. SB 1372
       
       
       
       
       
       
                                Barcode 456782                          
       
                              LEGISLATIVE ACTION                        
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       The Committee on Banking and Insurance (Bennett) recommended the
       following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 245 - 251
    4  and insert:
    5         limited to, monetary restitution for penalties or fees
    6  incurred by the senior consumer for misappropriation of funds by
    7  the agent.
    8         2. A managing general agency or insurance agency that
    9  employs or contracts with an insurance agent to sell or solicit
   10  the sale of annuities to senior consumers to take reasonably
   11  appropriate corrective action for any senior consumer harmed by
   12  a violation of this section by the insurance agent.
   13         (10) An annuity contract issued to a purchaser who is 65
   14  years of