Fla. Admin. Code R. 69K-7.008
Current through Reg. 50, No. 217; November 5, 2024
At the time of withdrawal a preneed licensee shall take reasonable steps to evaluate the income derived from that particular contract. A preneed licensee may not use any formula to make the evaluation if such formula is used as a guise to make unauthorized withdrawals or results in accelerated or excessive withdrawals above the amounts allowed by Chapter 497, F.S., and the rules promulgated thereto.
Fla. Admin. Code Ann. R. 69K-7.008
Rulemaking Authority 497.103 FS. Law Implemented 497.458 FS.
New 8-26-85, Formerly 3D-30.32, Amended 1-4-88, Formerly 3D-30.032, Amended 4-10-97, Formerly 3F-7.008.