News & Updates

annuities

Bill Would Adopt Interstate Insurance Product Regulation Compact

Bill Would Adopt Interstate Insurance Product Regulation Compact

Senate bill 1386 proposed for the 2012 legislative session would adopt the Interstate Insurance Product Regulation Compact in Florida and improve the efficiency of bringing certain products to market in this state.  The bill recognizes that the marketplace for lif insurance, annuities, disability income insurance and long-term care insurance have changed over the years warranting […]

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Safeguard Our Seniors Becomes Law

Safeguard Our Seniors Becomes Law

Along with Governor Charlie Crist’s approval of a bill streamlining commercial insurance rates (SB 2176) came approval of the “Safeguard Our Seniors” annuity legislation.  The “safeguard Our Seniors” provisions were added to the commercial deregulation bill late in teh session and mark the culmination of three-year effort by CFO Alex Sink to pursue changes to […]

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Safeguard Our Seniors Heads to Governor’s Desk

Safeguard Our Seniors Heads to Governor’s Desk

Senator Mike Bennett, Representative Maria Sachs and CFO Alex Sink, among others, have been pursuing legislation for several sessions to increase regulatory protections for senior citizens in annuity transactions.  Although the proposals appeared at times to be stalled in the current session, they were amended onto a broader insurance bill at the end of the session […]

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