11932569, 69O-157.105 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 11932569

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

LONG-TERM CARE INSURANCE

Overview

RULE:

69O-157.105

Refund of Premium (Repealed)

PURPOSE:

Repeals Rule 69O-157.105, Florida Administrative Code.

SUMMARY:

This rule requires insurers that cancel an insurance policy to refund to the policyholder any unearned premium paid to the insurer.  
This rule substantially restates the language of Section 627.6645(4), Florida Statutes and is unnecessary.  As a result, this rule should be repealed.

RULEMAKING AUTHORITY:

624.308(1), 627.9701(1),(6), 627.9508 FS.

LAW:

624.307(1), 627.6403, 627.6645, 627.9407, FS.

PRINT PUBLISH DATE:

8/31/2012 Vol. 38/35

COMMENTS:

From 8/31/2012 To 9/21/2012 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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