CS/HB 167 (2013) -  Annuities

General Bill by Insurance & Banking Subcommittee and Broxson (CO-SPONSORS) Fasano
Annuities: Provides that recommendations relating to annuities made by insurer or its agents apply to all consumers not just senior consumers; revises & provides definitions; revises duties of insurers & agents; provides that recommendations must be based on consumer suitability information; revises information relating to annuities that must be provided by insurer or its agent to consumer; revises requirements for monitoring contractors that provide certain functions for insurer relating to insurer's system for supervising recommendations; revises provisions relating to relationship between act & federal Financial Industry Regulatory Authority; prohibits specified charges for annuities issued to persons 65 years of age or older; increases period that unconditional refund must remain available with respect to certain annuity contracts; makes such unconditional refunds available to all prospective annuity contract buyers without regard to buyer's age; revises requirements for cover pages of annuity contracts.
Companion Bill passed CS/CS/SB 166 Annuities By Judiciary and Banking and Insurance and Richter
Effective Date: October 1, 2013
Last Event: Companion bill(s) passed, see CS/CS/SB 166 (Ch. 2013-163) on Monday, April 29, 2013 11:33 AM; HB Laid on Table

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/SB 166 Subject: Annuities Relationship: Similar

Bill Text

  • Committee Substitute 1
  • Original Filed Version
    • A 534457 , Broxson (IBS) Date Filed: 02/12/13, Line#: 17 House(c): Adopted Without Objection 02/25/2013 01:42 PM
    • A 791359 , Broxson (IBS) Date Filed: 02/12/13, Line#: 157 House(c): Adopted Without Objection 02/25/2013 01:42 PM
    • A 761815 , Broxson (IBS) Date Filed: 02/12/13, Line#: 199 House(c): Adopted Without Objection 02/25/2013 01:42 PM
    • A 845709 , Broxson (IBS) Date Filed: 02/12/13, Line#: 319 House(c): Adopted Without Objection 02/25/2013 01:42 PM
    • A 872695 , Broxson (IBS) Date Filed: 02/12/13, Line#: 344 House(c): Adopted Without Objection 02/25/2013 01:42 PM
    • A 036261 , Broxson (IBS) Date Filed: 02/12/13, Line#: 394 House(c): Adopted Without Objection 02/25/2013 01:42 PM
    • AA 255767 , Broxson (IBS) Date Filed: 02/13/13, Line#: 16 House(c): Adopted Without Objection 02/25/2013 01:42 PM

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 6/25/2013 3:04:25 PM
Chamber: House Committee: Final Bill Analysis 5/15/2013 10:01:02 AM
Chamber: House Committee: Regulatory Affairs Committee 3/14/2013 5:51:59 PM
Chamber: House Committee: Regulatory Affairs Committee 3/13/2013 12:22:00 PM
Chamber: House Committee: Government Operations Appropriations Subcommittee 3/7/2013 6:38:28 PM
Chamber: House Committee: Government Operations Appropriations Subcommittee 3/5/2013 4:43:16 PM
Chamber: House Committee: Insurance & Banking Subcommittee 2/19/2013 1:34:40 PM
Chamber: House Committee: Insurance & Banking Subcommittee 2/8/2013 6:00:28 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table; companion bill(s) passed, see CS/CS/SB 166 (Ch. 2013-163) Time: 04/29/2013 - 11:33 AM Member: Committee: Version: c1
Event: H Substituted CS/CS/SB 166 Time: 04/29/2013 - 11:33 AM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (4/29/2013) Time: 04/26/2013 - 7:26 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 03/14/2013 - 5:52 PM Member: Committee: Version: c1
Event: H Bill released to House Calendar Time: 03/14/2013 - 5:52 PM Member: Committee: Version: c1
Event: H Reported out of Regulatory Affairs Committee Time: 03/14/2013 - 5:52 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H Favorable by Regulatory Affairs Committee Time: 03/14/2013 - 3:30 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H Added to Regulatory Affairs Committee agenda Time: 03/12/2013 - 4:10 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H Now in Regulatory Affairs Committee Time: 03/07/2013 - 6:40 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H Reported out of Government Operations Appropriations Subcommittee Time: 03/07/2013 - 6:40 PM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H Favorable by Government Operations Appropriations Subcommittee Time: 03/07/2013 - 3:00 PM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H 1st Reading Time: 03/05/2013 - 11:59 PM Member: Committee: Version: __
Event: H 1st Reading Time: 03/05/2013 - 11:59 PM Member: Committee: Version: c1
Event: H Added to Government Operations Appropriations Subcommittee agenda Time: 03/05/2013 - 4:13 PM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H Now in Government Operations Appropriations Subcommittee Time: 02/21/2013 - 9:35 AM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H Referred to Regulatory Affairs Committee Time: 02/21/2013 - 9:35 AM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H Referred to Government Operations Appropriations Subcommittee Time: 02/21/2013 - 9:35 AM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H CS Filed Time: 02/19/2013 - 12:34 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 02/19/2013 - 12:34 PM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 02/19/2013 - 12:24 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee(Amended) Time: 02/13/2013 - 11:00 AM Member: Committee: Insurance & Banking Subcommittee Version: c1
Event: H Favorable with CS by Insurance & Banking Subcommittee(Amended) Time: 02/13/2013 - 11:00 AM Member: Committee: Insurance & Banking Subcommittee Version: c1
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 02/13/2013 - 11:00 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 02/06/2013 - 4:12 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 01/23/2013 - 9:00 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Regulatory Affairs Committee Time: 01/23/2013 - 9:00 AM Member: Committee: Regulatory Affairs Committee Version: __
Event: H Referred to Government Operations Appropriations Subcommittee Time: 01/23/2013 - 9:00 AM Member: Committee: Government Operations Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 01/23/2013 - 9:00 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 01/14/2013 - 3:33 PM Member: Broxson Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
626.99 CS/CS/SB 166
627.4554 CS/CS/SB 166