Wednesday, June 24, 2009

 

AARP blasts Texas Gov. Rick Perry's veto of new safeguards on annuity sales

The seniors group AARP sharply criticized Gov. Rick Perry on Tuesday for vetoing a bill – backed by consumers and the insurance industry – that would have established new safeguards for buying annuities.

The House and Senate passed the measure unanimously, but Perry rejected it Friday, saying it could allow "frivolous litigation..."

Dallas News: AARP blasts Texas Gov. Rick Perry's veto of new safeguards on annuity sales

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