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CS/CS/SB 166: Annuities

GENERAL BILL by Judiciary ; 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; increasing the period of time that an unconditional refund must remain available with respect to certain annuity contracts; making such unconditional refunds available to all prospective annuity contract buyers without regard to the buyer’s age, etc.

Effective Date: 10/1/2013
Last Action: 6/17/2013 - Chapter No. 2013-163
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Rules (RC)

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  • Bill History

    Date Chamber Action
    1/3/2013 Senate • Filed
    1/11/2013 Senate • Referred to Banking and Insurance; Judiciary; Rules -SJ 18
    1/28/2013 Senate • On Committee agenda-- Banking and Insurance, 02/06/13, 10:30 am, 110 Senate Office Building
    2/6/2013 Senate • CS by Banking and Insurance; YEAS 11 NAYS 0
    2/7/2013 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    2/11/2013 Senate • Now in Judiciary -SJ 114
    3/1/2013 Senate • On Committee agenda-- Judiciary, 03/06/13, 2:00 pm, 110 Senate Office Building
    3/5/2013 Senate • Introduced -SJ 18
    • CS by Banking and Insurance read 1st time -SJ 107
    3/6/2013 Senate • CS/CS by Judiciary; YEAS 9 NAYS 0 -SJ 196
    3/8/2013 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    3/11/2013 Senate • Now in Rules -SJ 196
    3/12/2013 Senate • CS/CS by Judiciary read 1st time -SJ 198
    3/18/2013 Senate • On Committee agenda-- Rules, 03/21/13, 8:00 am, 110 Senate Office Building
    3/21/2013 Senate • Favorable by- Rules; YEAS 15 NAYS 0 -SJ 240
    • Placed on Calendar, on 2nd reading -SJ 240
    • Placed on Special Order Calendar, 03/27/13
    3/27/2013 Senate • Read 2nd time -SJ 264
    • Placed on 3rd reading
    4/4/2013 Senate • Read 3rd time -SJ 304
    • CS passed; YEAS 40 NAYS 0 -SJ 304
    4/10/2013 House • In Messages
    4/26/2013 House • Referred to Calendar -HJ 912
    • Placed on Special Order Calendar, 04/29/13
    • Received -HJ 911
    4/29/2013 House • Read 2nd time -HJ 942
    • Substituted for CS/HB 167 -HJ 942
    • Amendment(s) failed (265217, 558447) -HJ 942
    • Placed on 3rd reading
    4/30/2013 House • Read 3rd time -HJ 989
    • CS passed; YEAS 116 NAYS 0 -HJ 990
    4/30/2013 Senate • Ordered enrolled -SJ 881
    6/10/2013 • Signed by Officers and presented to Governor
    6/14/2013 • Approved by Governor
    6/17/2013 • Chapter No. 2013-163

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  • CS/CS/SB 166, Enrolled (Current Bill Version) Posted 4/30/2013 at 3:33 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 167 (c1) Annuities Broxson Similar Last Action: 4/29/2013 H Laid on Table, companion bill(s) passed, see CS/CS/SB 166 (Ch. 2013-163) -HJ 942
    Location: Laid on Table

    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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  • CS/CS/SB 166, Committee Substitute 2 Posted 3/8/2013 at 8:33 AM

    Bill Text:   Web Page | PDF
    Analyses:   Rules (Pre-Meeting) 3/19/2013 (pdf)
    Rules (Post-Meeting) 3/21/2013 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 167 (c1) Annuities Broxson Similar Last Action: 4/29/2013 H Laid on Table, companion bill(s) passed, see CS/CS/SB 166 (Ch. 2013-163) -HJ 942
    Location: Laid on Table

    Floor Amendments (2)

    Amendment Sponsor Filed Last Floor Action Format
    558447 - Amendment
    Remove line 130 and insert:
    Schwartz 4/28/2013
    9:17 PM
    House: Failed
    4/29/2013
    PDF
    265217 - Amendment
    Remove line 310 and insert:
    Schwartz 4/28/2013
    9:16 PM
    House: Failed
    4/29/2013
    PDF

    Committee Votes (1)

    Date Committee Result
    3/21/2013 8:00 AM Rules 15 Yeas - 0 Nays

    Floor Votes (2)

    Date Chamber Result
    4/4/2013 2:47 PM Senate 40 Yeas - 0 Nays
    4/30/2013 9:08 AM House 116 Yeas - 0 Nays

    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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  • CS/SB 166, Committee Substitute 1 Posted 2/7/2013 at 8:54 AM

    Bill Text:   Web Page | PDF
    Analyses:   Judiciary (Pre-Meeting) 3/5/2013 (pdf)
    Judiciary (Post-Meeting) 3/7/2013 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 167 (c1) Annuities Broxson Similar Last Action: 4/29/2013 H Laid on Table, companion bill(s) passed, see CS/CS/SB 166 (Ch. 2013-163) -HJ 942
    Location: Laid on Table

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    463986 - Amendment
    Delete lines 392 - 401 and insert:
    Judiciary
    (Richter)
    3/5/2013
    2:16 PM
    Replaced by Committee Substitute
    3/7/2013
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    3/6/2013 2:00 PM Judiciary 9 Yeas - 0 Nays

    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 166, Original Filed Version Posted 1/3/2013 at 1:30 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 2/5/2013 (pdf)
    Banking and Insurance (Post-Meeting) 2/22/2013 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 167 Annuities Broxson Similar Last Action: 4/29/2013 H Laid on Table, companion bill(s) passed, see CS/CS/SB 166 (Ch. 2013-163) -HJ 942
    Location: Laid on Table

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    432914 - Amendment
    Delete line 319 and insert:
    Banking and Insurance
    (Richter)
    2/5/2013
    8:40 AM
    Replaced by Committee Substitute
    2/6/2013
    Web Page
    PDF
    633592 - Amendment
    Delete line 343 and insert:
    Banking and Insurance
    (Richter)
    2/5/2013
    8:39 AM
    Replaced by Committee Substitute
    2/6/2013
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    2/6/2013 10:30 AM Banking and Insurance 11 Yeas - 0 Nays

    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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