JORDEN BURT ALERT: Florida Announces Notices of Change on Rule Proposal for Annuity Suitability Form and Disclosure Comparison Form
August 21, 2009
The Florida Department of Financial Services ("DFS") announced changes to its proposed suitability rule - Rule 69B-162.011 and the two forms adopted by the Proposed Rule - the "Annuity Suitability Questionnaire" form and the "Disclosure and Comparison of Annuity Contracts" form (the "Forms"). The proposed Rule and Forms implement Florida Statutes Section 627.4554, which imposes more stringent suitability and replacement requirements on the sale of annuities to consumers age 65 or older.
To read the Client Alert, click below:
Florida Announces Notices of Change on Rule Proposal for Annuity Suitability Form and Disclosure Comparison Form
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