This rule is being amended to remove the requirement that insurers report the refusal or limitation of annuity contracts based on the applicant’s past or future lawful foreign travel.
DEPARTMENT OF FINANCIAL SERVICES
RULE NO.:RULE TITLE:
69O-125.003Unfair Discrimination Because of Travel Plans
PURPOSE AND EFFECT: This rule is being amended to remove the requirement that insurers report the refusal or limitation of annuity contracts based on the applicant’s past or future lawful foreign travel.
SUBJECT AREA TO BE ADDRESSED: The current rule requires an insurer to report the limitation or refusal of life insurance or annuity contracts for an applicant on the basis of past or future lawful foreign travel unless the insurer can demonstrate that the differential treatment is actuarially supportable.
RULEMAKING AUTHORITY: 626.9541(1)(dd)3., 626.9611, FS.
LAW IMPLEMENTED: 626.951; 626.9521; 626.9541(1)(g), (dd), FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
DATE AND TIME: Wednesday, March 21, 2018, 10:30 a.m.
PLACE: 116 Larson Building, 200 East Gaines Street, Tallahassee, Florida. To join by telephone, call (850)413-1558 and enter conference ID# 588049.
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Christopher Struk, Office of Insurance Regulation, E-mail: Christopher.Struk@floir.com. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Christopher Struk, Office of Insurance Regulation, E-mail: Christopher.Struk@floir.com.
THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.
Document Information
- Subject:
- The current rule requires an insurer to report the limitation or refusal of life insurance or annuity contracts for an applicant on the basis of past or future lawful foreign travel unless the insurer can demonstrate that the differential treatment is actuarially supportable.
- Purpose:
- This rule is being amended to remove the requirement that insurers report the refusal or limitation of annuity contracts based on the applicant’s past or future lawful foreign travel.
- Rulemaking Authority:
- 626.9541(1)(dd)3., 626.9611, F.S.
- Law:
- 626.951; 626.9521; 626.9541(1)(g), (dd), F.S.
- Contact:
- Christopher Struk, Office of Insurance Regulation, E-mail: Christopher.Struk@floir.com.
- Related Rules: (1)
- 69O-125.003. Unfair Discrimination Because of Travel Plans