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CS/SB 1476: Annuities

GENERAL BILL by Banking and Insurance ; Richter

Annuities; Providing that recommendations relating to annuities made by an insurer or its agents apply to all consumers not just to senior consumers; revising the information relating to annuities that must be provided by the insurer or its agent to the consumer; prohibiting specified charges for annuities issued to persons 65 years of age or older; increasing the period of time that an unconditional refund must remain available with respect to certain annuity contracts, etc.

Effective Date: 10/1/2012
Last Action: 3/9/2012 Senate - Died in Budget Subcommittee on General Government Appropriations
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Budget Subcommittee on General Government Appropriations (BGA)
  3. Budget (BC)

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  • Bill History

    Date Chamber Action
    1/5/2012 Senate • Filed
    1/13/2012 Senate • Referred to Banking and Insurance; Budget -SJ 157
    • Introduced -SJ 157
    2/2/2012 Senate • On Committee agenda-- Banking and Insurance, 02/07/12, 1:30 pm, 412 Knott Building
    2/7/2012 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 484
    2/8/2012 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    2/9/2012 Senate • Now in Budget -SJ 484
    • Subreferred to Budget Subcommittee on General Government Appropriations -SJ 485
    • Now in Budget Subcommittee on General Government Appropriations
    • CS by Banking and Insurance read 1st time -SJ 487
    3/9/2012 Senate • Died in Budget Subcommittee on General Government Appropriations

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  • CS/SB 1476, Committee Substitute 1 (Current Bill Version) Posted 2/8/2012 at 5:05 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1065 (c2) Annuities Broxson Similar Last Action: 3/9/2012 S Died in Banking and Insurance
    Location: In committee/council (BI)

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    626.99 Life insurance solicitation. Page 12 (pdf)
    627.4554 Annuity investments by seniors. Page 2 (pdf)

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  • SB 1476, Original Filed Version Posted 1/5/2012 at 9:08 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 2/6/2012 (pdf)
    Banking and Insurance (Post-Meeting) 2/8/2012 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1065 (c1) Annuities Broxson Compare Last Action: 3/9/2012 S Died in Banking and Insurance
    Location: In committee/council (BI)

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    443654 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:
    Banking and Insurance
    (Richter)
    2/6/2012
    2:37 PM
    Replaced by Committee Substitute
    2/7/2012
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    2/7/2012 1:30 PM Banking and Insurance 10 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    626.99 Life insurance solicitation. Page 13 (pdf)
    627.4554 Annuity investments by seniors. Page 2 (pdf)

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