The Florida Department of Financial Services held a Rule Development Workshop on February 2, 2009 to receive comments on the Department's proposed annuity suitability and replacement forms for senior sales. When these proposed forms are adopted by Rule, insurers and agents will be required to use them for all annuity sales to persons age 65 and older pursuant to the June 30, 2008 amendments to Section 627.4554 of the Florida Statutes ("Annuity investments by seniors").

To read the Client Alert, click: