We the People, Inc. of the United States. ; On November 22, 2010, Petitioner inquired whether its proposed charitable donation program to purchase commercial annuities pursuant to a charitable installment bargain sale agreement from a seller (donor)...  


  • NOTICE IS HEREBY GIVEN THAT the Office of Insurance Regulation has received the petition for declaratory statement from We the People, Inc. of the United States. The petition seeks the agency's opinion as to the applicability of Sections 624.02 and 624.03, Florida Statutes, as it applies to the petitioner.
    On November 22, 2010, Petitioner inquired whether its proposed charitable donation program to purchase commercial annuities pursuant to a charitable installment bargain sale agreement from a seller (donor) who intends to make a gift of the value of the annuity owned by the donor in excess of the sales price received for charitable purposes, constitutes a transaction involving “insurance” within the meaning of Section 624.02, Florida Statutes, or an “annuity” under the Florida Insurance Code. Further, Petitioner inquired if it offers the proposed program, if Petitioner would be an “insurer” with the meaning of Section 624.03, Florida Statutes, and as such would be required to obtain a Certificate of Authority required by Section 624.401, Florida Statutes.
    A copy of the Petition for Declaratory Statement may be obtained by contacting: Leean.Johns@floir.com.
    Please refer all comments to: Leean.Johns@floir.com

Document Information

Meeting:
Sections 624.02 and 624.03, Florida Statutes,
Contact:
Leean.Johns@floir.com.