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19 chapters · 2,278 sections in this title.
Fla. Stat. § 627.805 Regulation of variable and indeterminate value contracts; rules
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1The Department of Financial Services and the Office of Insurance Regulation shall regulate the issuance and sale of variable and indeterminate value contracts pursuant to their respective authority as conferred by state law. The Office of Financial Regulation shall regulate the …
Fla. Stat. § 627.8055 Qualification of companies to issue variable or indeterminate value contracts
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No insurance company shall issue or deliver any contract on a variable or indeterminate value basis until it has satisfied the office that its financial condition, management, history, and methods of operation are not such as would render its operation harmful to the public welfa…
Fla. Stat. § 627.806 Applicability of code to indeterminate value contracts and variable life insurance contracts and accounts
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(1) Subject to the provisions of subsection (2), all pertinent provisions of the insurance code, including the provisions relating to reinsurance, apply to indeterminate value contracts.(2) Except for ss. 627.453, 627.458, 627.459, 627.462, 627.475, 627.476, and 627.559, and as o…
Fla. Stat. § 627.807 Variable or indeterminate value contract reserve requirements
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The reserve liability for variable or indeterminate value contracts shall be established in accordance with actuarial procedures that recognize the variable nature of the benefits, values, or premiums provided and any mortality guarantees.History.—s. 2, ch. 73-30; s. 3, ch. 76-16…