Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-184 - INSURANCE IN CONNECTION WITH INSTALLMENT SALES
Section 69O-184.006 - Credit Property Insurance

Universal Citation: FL Admin Code R 69O-184.006

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

(1) The purpose of this rule is to establish procedures to be used by insurers in the calculation of credit property insurance premiums.

(2) Scope. This rule applies to section 624.605(1)(j), F.S., and to all credit property contracts which provide coverage for property purchased under an installment sales agreement.

(3) Insurers and other persons authorized to engage in the sale of credit property insurance under an installment sales agreement shall charge the credit property insurance premium only on the actual cost of the property and any sales tax thereon. The credit insurance premium shall not be charged on items including, but not limited to, finance or service fees, loan interest, delivery charges and other insurance premiums such as credit life, unemployment, credit disability.

Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 624.605(1)(j) FS.

New 1-27-92, Formerly 4-184.006.

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.