2011 House Bill 4328

Mandate disclosures, right of rescission for annuities

Introduced in the House

Feb. 24, 2011

Introduced by Rep. Bob Constan (D-16)

To require insurance sellers to provide additional disclosures to customers buying annuity contracts, and to require a 15 day right of rescission period for a person who purchases an annuity and changes his or her mind.

Referred to the Committee on Insurance