Introduced
by
To require insurance sellers to provide additional disclosures to customers buying annuity contracts, and to require a 30 day right of rescission period for a person who purchases an annuity and changes his or her mind.
Referred to the Committee on Senior Health, Security, and Retirement
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote
Amendment offered
by
To exclude from the scope of the regulations imposed by this statute variable annuities, non-guaranteed ones, certain Social Security welfare benefit plan annuities, structured settlements, certain government, employer or church plans, etc.
The amendment passed by voice vote
Passed in the House 97 to 7 (details)
Referred to the Committee on Economic Development and Regulatory Reform
