Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69B - Division of Insurance Agent and Agency Services
Chapter 69B-156 - MEDICARE SUPPLEMENT INSURANCE
Section 69B-156.105 - Unfair or Deceptive Acts or Practices Defined
Current through Reg. 50, No. 187; September 24, 2024
It shall be deemed an unfair or deceptive act or practice in the direct solicitation or sale of Medicare supplement insurance policies, to:
(1) Make any representation by an agent to the effect that such person is a "Counselor," "Advisor" or similar designation, for any association or group of Medicare eligible persons, which fails to reflect the actual role of such agent with respect to the solicitation or sale of such insurance.
(2) Make any misrepresentation or incomplete comparison by the insurance company or agent, by commission or omission, for the purpose of inducing or which would reasonably be expected to induce Medicare eligible persons to purchase, amend, lapse, forfeit, non-renew, change, duplicate coverage already in force, replace a policy that is only technically at variance with the policy or policies being offered, or otherwise surrender existing insurance.
(3) Do any act which causes an applicant to sign any form, application or document in blank.
(4) Use any sales material or presentation which does not disclose that an insurance product is involved.
(5) Effect the sale of Medicare supplemental insurance to any person not eligible for the Medicare Program.
Rulemaking Authority 624.308(1), 626.9611 FS. Law Implemented 624.307(1), 626.830, 626.9541(1)(a), (b), (e), (k), (l), 626.9641(1) FS.
New 7-1-79, Formerly 4-46.03, Amended 6-12-88, Formerly 4-46.003, 4-156.105.
