Published on: 7286657. Life Insurance Settlement Association vs. Financial Service Commission and Office of Insurance Regulation; Case No.: 09-0386RP; Rule No.: 69O-204.030; Invalid
Published on: 6813200. Life Insurance Settlement Association vs. Financial Service Commission and Office of Insurance Regulation; Case No.: 09-0386RP; Rule No.: 69O-204.030; Petition
Published on: 6561679. This is the Final Public Hearing on the adoption of proposed amendments to Rule 69O-204.010,.020,.030,.040,.050, Florida Administrative Code, published on September 26, 2008 in Vol. 34, No. 39, of the Florida Administrative Weekly.; January 13, 2009 at 9:00 a.m., during a regular meeting of the Financial Services Commission.; Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida.
Published on: 6187162. Pursuant to the Viatical Settlement Act, Part X of Chapter 626, F.S., the Office regulates viatical settlement providers, companies that purchase life insurance policies from the owners (the viators). The policies are purchased at a discount off the face value for the purposes of investment. The viatical settlement providers in turn sell the viaticated policies to institutional investors. When the insured dies the investors receive the full face amount, less costs, thereby recouping their initial purchase price, plus interest.