Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-162 - ANNUITY CONTRACTS
Section 69O-162.006 - Notice of Variable Values Required
Universal Citation: FL Admin Code R 69O-162.006
Current through Reg. 50, No. 187; September 24, 2024
Any variable annuity contract delivered or issued for delivery in this state, and any application for such contract, and any group annuity certificate, shall contain on its first page, in a prominent position in ten (10) point type or larger, a clear statement that the annuity benefits of values thereunder are on a variable basis.
Suggested wording is as follows: "ANNUITY PAYMENTS AND TERMINATION VALUES PROVIDED BY THIS CONTRACT ARE VARIABLE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT."
Specific Authority 626.9611, 627.805 FS. Law Implemented 626.9541(1), 627.803 FS.
Repromulgated 12-24-74, Formerly 4-10.06, 4-10.006, 4-162.006.
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