Fla. Admin. Code R. 69B-150.109

Current through Reg. 50, No. 124; June 25, 2024

Section 69B-150.109 - Use of Dividends

(1) An advertisement shall not be used that utilizes or describes dividends in a manner which is misleading or has a tendency to mislead.

(2) An advertisement shall not directly or indirectly state or imply that the amount of dividends or divisible surplus is guaranteed; nor shall such advertisement state or imply that a policyholder will profit by the growth of the company.

(3) Any comparison between participating and non-participating policies or contracts must be true and accurate.

Fla. Admin. Code Ann. R. 69B-150.109

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.9541(1), (2) FS.

New 9-1-73, Formerly 4-35.07, 4-35.007, 4-150.109.

New 9-1-73, Formerly 4-35.07, 4-35.007, 4-150.109.