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FL H1429
Bill
Status
Failed
4/30/2010
Primary Sponsor
Elaine Schwartz
Click for details
AI Summary
- Creates section 627.45545 of Florida Statutes regarding annuity contracts with senior consumers
- Requires insurance companies to include a provision in annuity contracts with senior consumers that allows penalty-free termination or liquidation if the senior consumer is admitted as a resident in a long-term care facility with a placement duration requirement
- Applies definitions from section 627.4554 to the new requirement
- Takes effect July 1, 2010
Legislative Description
Annuity Contracts
Last Action
Died in Committee on Insurance, Business, & Financial Affairs Policy (GGPC)
4/30/2010
Committee Referrals
Insurance, Business & Financial Affairs Policy3/10/2010
Full Bill Text
No bill text available