Suitability and Disclosure in Annuity Contracts-Forms Required.

DEPARTMENT OF FINANCIAL SERVICES
Division of Insurance Agents and Agency Services

RULE NO: RULE TITLE
69B-162.011: Suitability and Disclosure in Annuity Contracts-Forms Required.

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. 35 No. 20, May 22, 2009 issue of the Florida Administrative Weekly.

These changes are being made to address concerns expressed by the Joint Administrative Procedures Committee.

69B-162.011 Suitability and Disclosure in Annuity Contracts-Forms Required.

(1) Forms Adopted.

Forms DFS-HI-1980, “Annuity Suitability Questionnaire,” (Effective:_______) and DFS-HI-1981, “Disclosure and Comparison of Annuity Contracts” (Effective:______), are adopted pursuant to Sections 627.4554(4)(b), and (d), F.S., and are hereby incorporated by reference. Copies of each form adopted and incorporated by reference in this rule are available from the Division of Agents and Agency Services, Department of Financial Services, Larson Building, Tallahassee, Florida 32399-0318 or http:/www.myfloridacfo.com/Agents/LicensureForms/index.htm.

The text of form DFS-H1-1981, “Disclosure and Comparison of Annuity Contracts” in subsection 69B-162.011(1), F.A.C., has been modified to delete all parenthetical references to “Yes or No” in the Explanation of Terms section.

The remainder of the rule reads as previously published.