Fla. Admin. Code Ann. R. 69O-149.023 - Review
(1) Filings will be reviewed for compliance
with applicable statutes and rules as stated on the forms adopted in Rule
69O-149.022, F.A.C., and will be
disapproved for failure to comply. Filings will be disapproved for
inconsistencies or ambiguities which are misleading.
(2) The policy may not reserve the right to
change contractual provisions without the written consent of the policyholder
unless the nature and parameters of such changes are clearly expressed in the
contract.
(3) A group life or
annuity policy may not reserve the right to change contractual provisions which
will adversely affect the annuitization benefit for a certificateholder which
is attributable to premiums or contributions already made to the
contract.
(4) The insurer shall
submit a description of distribution systems (e.g. direct marketing, marketing
through agents, marketing through financial or other institutions, etc.), and
the intended target population for all product filings.
Notes
Rulemaking Authority 624.308, 627.805, 626.9611 FS. Law Implemented 624.307, 625.121, 626.9541, 626.9641, 626.99, 627.410, 627.411, 627.474, 627.476 FS.
New 5-15-96, Formerly 4-149.023, Amended 5-18-04.
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