7137859, 69O-163.0075 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 7137859

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

CREDIT LIFE AND CREDIT DISABILITY INSURANCE

Overview

RULE:

69O-163.0075	Term and Evidence of Insurance
69O-163.009	Determination of Reasonableness of Benefits in Relation to Premium Charge
69O-163.011	Credit Disability Insurance Rates

PURPOSE:

Credit Life and Credit Disability Insurance is being amended to address the statutory changes contained in House Bill 343, which the Governor approved on May 28, 2008. The bill removes the fifty thousand dollar ($50,000) for credit life, but did not remove the ten (10) year limit that is still contained in Section 627.681, Florida Statutes. Similarly, the bill removed the ten (10) year limit for credit disability, but did not remove the fifty thousand dollar limit ($50,000) that is still contained in Section 627.679, Florida Statutes.

SUMMARY:

Credit Life and Credit Disability Insurance is being amended to address the statutory changes contained in House Bill 343, which the Governor approved on May 28, 2008.

RULEMAKING AUTHORITY:

627.678, 627.6785 FS.

LAW:

627.681, 627.682 FS.

PRINT PUBLISH DATE:

5/22/2009 Vol. 35/20

COMMENTS:

From 5/22/2009 To 6/12/2009 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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