Statement by Florida Insurance Commissioner McCarty on House and Senate Passage of Annuities Bill

Florida Insurance Commissioner Kevin McCarty released the following statement today, May 2, 2008, regarding House and Senate passage of Annuities Bill.  

 

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Statement by Florida Insurance Commissioner Kevin McCarty on House and Senate Passage of Annuities Bill  

TALLAHASSEE, Fla. – “I am very pleased that this important legislation has passed, because it will enhance protections for senior consumers who are considering the purchase of annuities.

“The sale of annuities is a big business in Florida. In particular, seniors have been victimized in the past by unscrupulous sales tactics. The passage of this legislation will help us to better protect this vulnerable population and makes Florida a national leader in efforts to protect consumers from predatory annuity sales practices.”

 

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