Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-204 - VIATICAL SETTLEMENT PROVIDERS
Section 69O-204.020 - Definitions

Universal Citation: FL Admin Code R 69O-204.020

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

In addition to the definitions in Section 626.9911, F.S., the following definitions apply to this regulation:

(1) "Control" or "effective control" as used in the Viatical Settlement Act and this rule chapter means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a person.

(2) "Secondary market" means the assignment, transfer, sale, devise, or bequest of the death benefit or ownership of all or a portion of a viaticated life insurance policy or viaticated certificate of insurance.

Rulemaking Authority 626.9925 FS. Law Implemented 626.9911(2), 626.9912(4), 626.9913(2), 626.9922(2), 626.9924 FS.

New 3-4-09.

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