69O-162.015. Separate Accounts Required; Transactions Between Accounts Prohibited

Assets and liabilities of the separate account established in connection with variable annuity contracts shall be distinguishable from other accounts of the same domestic insurance company. There shall be no sales or transfers between accounts of the same domestic insurance company, or between the insurance company and any other company having a common management with the insurance company; provided, however, that the insurance company may buy or sell securities listed on a recognized securities exchange or any recognized “over the counter market” in the United States through an investment dealer or brokerage firm under common management with the insurance company if the investment dealer or brokerage firm receives only such commissions as prescribed by such exchange for the execution of such orders. In the case of “over the counter” transactions, commissions may not exceed those prescribed by the New York Stock Exchange on a similar transaction. The dealer or broker cannot act as principal.

Specific Authority 627.805 FS. Law Implemented 627.802, 627.804 FS. History–Repromulgated 12-24-74, Formerly 4-10.15, 4-10.015, 4-162.015.