Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69B - Division of Insurance Agent and Agency Services
Chapter 69B-124 - ANTI-COERCION
Section 69B-124.014 - Continuous or Prepaid Policies
Universal Citation: FL Admin Code R 69B-124.014
Current through Reg. 50, No. 187; September 24, 2024
The requirement of accepting only continuous renewal policies or three-year or more prepayment plans of insurance is not a right or privilege possessed by a lender, nor does it afford the mortgagor the freedom of choice of insurer; therefore, section 626.9551, F.S., is interpreted to prohibit such requirements of acceptance by a lender.
Rulemaking Authority 624.308, 626.9611 FS. Law Implemented 624.307(1), 626.9551(1) FS.
New 5-20-64, Repromulgated 12-24-74, Formerly 4-3.14, 4-3.014, 4-124.014.
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