7159781, 69B-162.011 - Florida Administrative Rules, Law, Code, Register

Home

Florida Department of State and Division of Library and Information Services

Notice: 7159781

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 proposed rule implements Section 627.4554, Florida Statutes, by adopting an Annuity Suitability form and a Disclosure and Comparison of Annuity Contracts form for use in sales of annuities to senior consumers.

SUMMARY:

The proposed rule adopts an Annuity Suitability form and a Disclosure and Comparison form to be used when an insurance agent sells an annuity to a senior consumer. The proposed forms may be found at http://www.myfloridacfo.com/Agents/Industry/Laws-Rules/SeniorAnnuityRule_Jan09.htm.

RULEMAKING AUTHORITY:

624.308(1), 627.4554(9) FS.

LAW:

627.4554 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).

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.