Legislators Sponsor Anti-Annuity Fraud Law

With Florida's aging population in mind, two local legislators have spearheaded an initiative that would bring harsher penalties to sellers of annuities who defraud their clients.

State Sen. Mike Bennett, R-Bradenton, and state Rep. Keith Fitzgerald, D-Sarasota, were in Tallahassee on Tuesday to announce the bi-partisan legislation that would make the practice of "twisting" a third-degree felony.

Legislators Sponsor Anti-Annuity Fraud Law
Source: Insurance News Net
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