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House Bill 1032 |
House Author: Smithee |
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Effective: 9-1-11 |
Senate Sponsor: Davis |
House Bill 1032 amends the Insurance Code to require an annuity contract, with certain exceptions, to include a rescission period of at least 20 days after the date the contract is delivered, during which time the purchaser may rescind the contract and receive an unconditional refund of premiums paid for the contract, including any contract fees or charges.