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Florida Administrative Code (Last Updated: April 18, 2024) |
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69. Department of Financial Services |
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69O. OIR – Insurance Regulation |
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69O-196. Premium Finance Companies |
69O-196.021. Disclosure Requirements for Insurance Coverages Financed With Personal Injury Protection
1(1) Whenever motor vehicle insurance is financed, the agent shall disclose at the time of sale any coverages financed with personal injury protection other than property damage liability, bodily injury, collision, uninsured motorist, or comprehensive coverage for damage of or loss to the vehicle.
45(2) The disclosure shall be on Form OIR-A3-1162, 53“Insurance Premium Financing Disclosure Form,” effective 3/95, 61hereby incorporated by reference and available at 68http://www.flrules.org/Gateway/reference.asp?No=Ref-1302870. The filings shall be submitted electronically via the Office’s system at https://www.floir.com/iportal83.
84(3) The disclosure shall be signed by the insured.
93(4) Copies of the signed disclosure shall be given to the agent, insured, and the premium finance company.
111Rulemaking Authority 113624.308(1), 114627.8405 FS. 116Law Implemented 118624.424, 119627.8405 FS. 121History–New 3-1-95, Amended 8-16-95, Formerly 4-196.021, Amended 7-30-17, 5-24-21.
