Florida Administrative Code (Last Updated: April 18, 2024) |
69. Department of Financial Services |
69O. OIR – Insurance Regulation |
69O-163. Credit Life And Credit Disability Insurance |
Effective on Tuesday, February 11, 2003
1(1) Section 3627.677, 4Florida Statutes, and this rule chapter apply to credit life insurance and credit disability insurance sold in conjunction with a credit transaction.
26(2) A policy or certificate is deemed to be credit life insurance or credit disability insurance if it:
44(a) References the creditor or credit transaction within the form;
54(b) Conditions the coverage upon the existence, term or coverage of a credit transaction.
68Specific Authority 70624.308(1), 71627.678 FS. 73Law Implemented 75624.307(1), 76627.676, 77627.677 FS. 79History–New 2-11-03, Formerly 4-163.0015.