Barnett's Annuities Marketer Given Reprieve from Fla. Insurance Regulator

By Talley, Karen | American Banker, July 19, 1995 | Go to article overview

Barnett's Annuities Marketer Given Reprieve from Fla. Insurance Regulator


Talley, Karen, American Banker


James Mitchell & Co., a controversial annuities marketer through banks, has obtained a reprieve in its battle against Florida's Insurance Department.

The San Diego marketing company obtained a stay of enforcement this week that stops the Insurance Department from carrying out a final disciplinary order against Mitchell's marketing program at Barnett Banks Inc.

The stay will remain in effect while Mitchell appeals the final order in court.

Last week, the state Insurance Department ordered Mitchell to severely limit sales and advertising of annuities offered through Jacksonville-based Barnett. The order followed the findings of a state administrative hearing officer who contended that Mitchell's program had been "deceptive and misleading" to bank customers.

Mitchell & Co. has maintained that its program, which operated in Barnett's 600 branches, adheres to all appropriate state and federal laws.

James K. Mitchell, the company's founder, feels his company will be vindicated once the matter moves into open court. "We're anxious to present our appeal in a judicial forum," he said.

Mr. Mitchell also acknowledged that Barnett, encouraged by a recent Supreme Court decision supporting annuities sales by banks, may decide to operate the program itself.

If Barnett goes that route, Mr. Mitchell said his company would still proceed with its appeal as a way of clearing his name and his company's. Mr. Mitchell also said his company would hope to supply Barnett's annuity program with processing, record keeping, and other office support. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Barnett's Annuities Marketer Given Reprieve from Fla. Insurance Regulator
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.