69O-151.103. Definitions

As used in these rules:

(1) “Replacement” is any transaction wherein new accident and health insurance is to be purchased and it is known to the agent, broker or insurer at the time of application that, as a part of the transaction, existing accident and health insurance has been or is to be lapsed or the benefits thereof substantially reduced.

(2) “Direct response insurance” is insurance issued to an applicant who has completed the application and forwarded it directly to the insurer’s agent in response to a solicitation coming into the applicant’s possession by any means of mass communication.

(3) “Continuous coverage” means that the benefits are not less than the benefits under the previous policy, and the policy also covers loss resulting from injury sustained or sickness contracted while coverage was in force under the previous policy to the extent such loss is not covered under any extended benefit or similar provision of the previous policy.

(4) As used in this rule chapter the terms “accident and health insurance,” ‘accident and sickness insurance,” and “disability insurance” each shall include the others.

Rulemaking Authority 624.308(1), 626.9611, 626.9641 FS. Law Implemented 624.307(1), 626.9521, 626.9541, 626.9641 FS. History–New 2-7-79, Formerly 4-44.03, 4-44.003, 4-151.103.