Exemptions, Duties of Replacing Agent

 

DEPARTMENT OF FINANCIAL SERVICES

Division of Insurance Agents and Agency Services

RULE NOS.:RULE TITLES:

69B-151.004Exemptions

69B-151.006Duties of Replacing Agent

NOTICE OF CHANGE

Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 41 No. 179, September 15, 2015 issue of the Florida Administrative Register.

The change to Rule 69B-151.004, F.A.C., is in response to written comments received after the Department filed its Notice of Proposed Rulemaking.  The changes to Rule 69B-151.006, F.A.C., are being made to address comments expressed by the Joint Administrative Procedures Committee.

69B-151.004 Exemptions.

Rulemaking Specific Authority 624.308, 626.9611, 626.9641 FS. Law Implemented 624.307(1), 626.9521, 626.9541, 626.9641 FS. History–New 7-9-81, Formerly 4-24.03, Amended 2-2-83, Formerly 4-24.13, 4-24.013, 4-151.004, Repealed______________.

 

69B-151.006 Duties of Replacing Agent.

Where replacement is or may be involved, the agent shall:

(1) Present to the applicant, not later than at the time of taking the application, a Form OIR-B2-312 “Notice to Applicant Regarding Replacement of Life Insurance” rev. 1-91 in the form as described in Exhibit A adopted in Rule 69B-151.010, F.A.C. The Notice must be signed by the applicant and the agent and left with the applicant.

(2) No Change.

(3) Submit to the replacing insurer with the application, a completed copy of the Form OIR-B2-312 “Notice to Applicant Regarding Replacement of Life Insurance” rev. 1-91 (Exhibit A) adopted in Rule 69B-151.010, F.A.C. and a copy of all Sales Proposals used for presentation to the applicant.

Rulemaking Specific Authority 624.308, 626.9611, 626.9641 FS. Law Implemented 624.307(1), 626.9521, 626.9541, 626.9641 FS. History–New 7-9-81, Formerly 4-24.04, Amended 2-2-83, Formerly 4-24.15, 4-24.015, 4-151.006, Amended __________.

 

The remainder of the proposed rule reads as previously published.