Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-150 - LIFE AND HEALTH ADVERTISING REQUIREMENTS
Section 69O-150.215 - Statements About a Small Employer Carrier

Universal Citation: FL Admin Code R 69O-150.215

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

(1) A marketing communication shall not contain statements that are untrue in fact, or misleading by implication, with respect to the assets, corporate structure, financial standing, age, or relative position of the small employer carrier in the insurance business.

(2) A marketing communication that contains a recommendation by any commercial rating system shall clearly indicate the purpose of the recommendation and the limitations of the scope and extent of the recommendation.

(3) A marketing communication that refers to a holding company or subsidiary of a small employer carrier shall fully disclose that the holding company or subsidiary is a separate entity and is not responsible for the small employer carrier's financial condition or contractual obligations.

(4) A marketing communication shall not refer to a reinsurer or the existence of reinsurance.

Rulemaking Authority 624.308, 626.961 FS. Law Implemented 624.307(1), 626.9541(1), (2), 627.6699(9)(d)4. FS.

New 2-25-93, Amended 1-4-00, Formerly 4-150.215.

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