Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-185 - MORTGAGE GUARANTY INSURANCE
Section 69O-185.001 - Subject of Insurance Defined
Universal Citation: FL Admin Code R 69O-185.001
Current through Reg. 50, No. 187; September 24, 2024
The term "subject of insurance" as used in chapter 635, F.S., is hereby interpreted to mean a borrower's promise to pay the debt secured by a mortgage or the aggregate of such borrower's promises to pay a series of debts secured by one or more mortgages on one or more parcels of real property.
Rulemaking Authority 635.081 FS. Law Implemented 635.011, 635.031 FS.
New 12-24-74, Formerly 4-2.01, 4-2.001, 4-185.001.
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