Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69B - Division of Insurance Agent and Agency Services
Chapter 69B-151 - REQUIREMENTS FOR REPLACEMENT OF LIFE AND HEALTH COVERAGE
Section 69B-151.001 - Purpose

Universal Citation: FL Admin Code R 69B-151.001

Current through Reg. 50, No. 187; September 24, 2024

The purpose of this rule chapter is:

(1) To implement the provisions of sections 626.9521, 626.9541, 626.9611 and 626.9641, F.S., and such other laws of this state as may be applicable, with respect to the replacement of life insurance and related matters;

(2) To regulate the activities of agents with respect to the replacement of existing life insurance;

(3) To protect the interests of life insurance policyowners by establishing minimum standards of conduct to be observed in the replacement or proposed replacement of existing life insurance by:

(a) Assuring that the policyowner receives information with which a decision can be made in his or her own best interests; and,

(b) Reducing the opportunity for misrepresentation and incomplete disclosures.

Rulemaking Authority 624.308, 626.9611, 626.9641 FS. Law Implemented 624.307(1), 626.9521, 626.9541 FS.

New 7-9-81, Formerly 4-24.01, 4-24.10, 4-24.010, 4-151.001, Amended 12-31-15.

Disclaimer: These regulations may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.