Section 19B-5.008 - Contract Requirements(1) Notwithstanding the requirement to specify a Beneficiary at the time of purchase pursuant to the Master Contract, which is incorporated by reference in subsection 19B-4.001(2), F.A.C., the board's direct support organization and organizations operating scholarship programs pursuant to Rule 19B-5.007, F.A.C., shall be permitted to leave the qualified beneficiary's name blank until April 1 of the anticipated enrollment year.(2) The Account Owner or Beneficiary may submit a written request for an extension to the Board within one year of the benefit period expiring; however the Board does not guarantee approval of an extension request. Factors the Board considers for granting an extension of benefits for up to two years are time spent by the Beneficiary as an active duty member of the U.S. Armed Services, prior extensions, prior Beneficiary changes, recent plan usage, available alternatives, and financial and medical hardships. Any time spent by the qualified beneficiary in the military service tolls the time for receiving contract benefits under all plans. The matriculation date is the projected college enrollment year of the qualified beneficiary, based on the information about the qualified beneficiary's age or grade contained in the purchaser's application, or similar information received subsequently by the Board from the purchaser.Fla. Admin. Code Ann. R. 19B-5.008
Rulemaking Authority 1009.971(1), (4), (6) FS. Law Implemented 1009.98(4) FS.
Adopted by Florida Register Volume 47, Number 240, December 14, 2021 effective 12/28/2021.