Amend CSSB 273 (house committee printing) as follows:
      (1)  In SECTION 15 of the bill, strike proposed Subsection
(c) of Section 6, Chapter 22, Acts of the 57th Legislature, 3rd
Called Session, 1962 (Article 6228a-5, Vernon's Texas Civil
Statutes) (page 14, lines 15 through 17), and reletter subsequent
subsections appropriately.
      (2)  In SECTION 15 of the bill, in proposed Subsection (d) of
Section 6, Chapter 22, Acts of the 57th Legislature, 3rd Called
Session, 1962 (Article 6228a-5, Vernon's Texas Civil Statutes),
strike "adopt rules to administer this section and Sections 5 and
7" (page 14, line 20) and insert "adopt rules only to administer
this section and Sections 5, 7, 8, and 11".
      (3)  In SECTION 15 of the bill, in proposed Subsection (g) of
Section 6, Chapter 22, Acts of the 57th Legislature, 3rd Called
Session, 1962 (Article 6228a-5, Vernon's Texas Civil Statutes),
between "reject" and "the" (page 15, line 3), insert "or revoke".
      (4)  In SECTION 15 of the bill, in proposed Subsection (g) of
Section 6, Chapter 22, Acts of the 57th Legislature, 3rd Called
Session, 1962 (Article 6228a-5, Vernon's Texas Civil Statutes),
between "section" and "of" (page 15, line 5), insert "or Section
5(c) of this Act".
      (5)  In SECTION 15 of the bill, in proposed Subsection (h) of
Section 6, Chapter 22, Acts of the 57th Legislature, 3rd Called
Session, 1962 (Article 6228a-5, Vernon's Texas Civil Statutes),
between "the" and "notice" (page 15, line 8), insert "uniform".
      (6)  In SECTION 15 of the bill, after proposed Section 6(h),
Chapter 22, Acts of the 57th Legislature, 3rd Called Session, 1962
(Article 6228a-5, Vernon's Texas Civil Statutes) (page 15, between
lines 9 and 10), insert the following appropriately lettered
subsection:
      (__)  A certification or recertification remains in effect
for five years unless rejected or revoked.
      (7)  In SECTION 15 of the bill, in proposed Subdivision (6)
of Section 9, Chapter 22, Acts of the 57th Legislature, 3rd Called
Session, 1962 (Article 6228a-5, Vernon's Texas Civil Statutes),
between "company" and "that" (page 16, line 24), insert "or from an
agent or affiliate of a company".
      (8)  In SECTION 15 of the bill, in proposed Subdivision (7)
of Section 9, Chapter 22, Acts of the 57th Legislature, 3rd Called
Session, 1962 (Article 6228a-5, Vernon's Texas Civil Statutes),
between "agent" and the period (page 16, line 27), insert "of a
company that offers a qualified investment product".
      (9)  In SECTION 15 of the bill, in proposed Subsection (b) of
Section 11, Chapter 22, Acts of the 57th Legislature, 3rd Called
Session, 1962 (Article 6228a-5, Vernon's Texas Civil Statutes),
between "post the" and "notice" (page 17, line 22), insert "form of
the".
      (10)  In SECTION 15 of the bill, in proposed Subsection (c)
of Section 11, Chapter 22, Acts of the 57th Legislature, 3rd Called
Session, 1962 (Article 6228a-5, Vernon's Texas Civil Statutes),
between "must" and the colon (page 17, line 23), insert "be uniform
and".
      (11)  In SECTION 15 of the bill, in proposed Subsection
(c)(2)(E)(vii) of Section 11, Chapter 22, Acts of the 57th
Legislature, 3rd Called Session, 1962 (Article 6228a-5, Vernon's
Texas Civil Statutes), between "are" and "available" (page 18, line
21), insert "guaranteed to be".
      (12)  In SECTION 15 of the bill, in proposed Subsection
(c)(2)(E)(viii) of Section 11, Chapter 22, Acts of the 57th
Legislature, 3rd Called Session, 1962 (Article 6228a-5, Vernon's
Texas Civil Statutes), after the semicolon (page 18, line 26),
strike "and".
      (13)  In SECTION 15 of the bill, after proposed Subsection
(c)(2)(E)(ix) of Section 11, Chapter 22, Acts of the 57th
Legislature, 3rd Called Session, 1962 (Article 6228a-5, Vernon's
Texas Civil Statutes) (page 19, line 1), strike "and" and
substitute the following:
                        (x)  whether the annuity guarantees the
participant the right to surrender a percentage of the surrender
value each year, and the percentage, if any; and
                        (xi)  whether the annuity guarantees the
interest rate associated with any settlement option; and
      (14)  In SECTION 15 of the bill, in proposed Subsection
(c)(3)(D) of Section 11, Chapter 22, Acts of the 57th Legislature,
3rd Called Session, 1962 (Article 6228a-5, Vernon's Texas Civil
Statutes) (page 19, line 11), strike "qualified investment product"
and substitute "eligible qualified product through a salary
reduction agreement".
      (15)  In SECTION 15 of the bill, strike proposed Subsection
(d) of Section 11, Chapter 22, Acts of the 57th Legislature, 3rd
Called Session, 1962 (Article 6228a-5, Vernon's Texas Civil
Statutes) (page 19, lines 18 through 20), and substitute the
following:
      (d)  A variable annuity must be accompanied by:
            (1)  a notice that includes any item listed in
Subsection (c) of this section that is applicable to variable
annuities;
            (2)  the prospectus; and
            (3)  any other purchasing information required by law.
      (16)  In SECTION 26 of the bill, strike "6(h)" (page 29, line
6) and substitute "6(g)".