28110423, 69B-162.011 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 28110423

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Insurance Agent and Agency Services

Chapter:

ANNUITY CONTRACTS

Overview

RULE:

69B-162.011

Suitability and Disclosure in Annuity Investments - Forms Required

PURPOSE:

The rulemaking will replace current forms and provide a timeframe for insurers and agents to comply with a request for records from the department.

SUMMARY:

The proposed rulemaking will implement chapter 2023-130, Laws of Florida, regarding changes to section 627.4554, Florida Statutes. The changes will protect the best interest of the consumer regarding the sale of annuities in the state of Florida by requiring the agent to provide disclosure forms about the annuities.

RULEMAKING AUTHORITY:

624.308, 627.4554 FS.

LAW:

627.4554 FS.

PRINT PUBLISH DATE:

3/4/2024 Vol. 50/44

COMMENTS:

From 3/4/2024 To 3/25/2024 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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