MIAMI, May 27 /PRNewswire/ — Florida Governor Jeb Bush yesterday signed into law landmark legislation that paves the way for foreign insurance companies to sell life insurance and annuity contracts from Florida to non- U.S. residents. “Florida has taken the lead in adopting legislation that can create thousands of new, high-paying jobs in Florida while elevating Florida’s stature as an international insurance center,” said Shutts & Bowen Senior Partner Bowman Brown, who originated the idea as Chairman of the Beacon Council Financial Services Task Force, Miami-Dade County’s public/private economic development agency.”An economic study conducted by the Beacon Council estimated that this new law could generate up to $2.7 billion annually through the sales of one million family policies when the administrative work is conducted in Florida.”….
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