Section 69O-151.004 - ExemptionsUnless otherwise specifically included, paragraph 69O-151.007(3)(b) and subsection 69O-151.008(1), F.A.C., shall not apply to:
(1) Industrial Insurance;(2) Group, franchise, and individual credit life insurance;(3) Group life insurance and life insurance policies issued in connection with a pension, profit sharing or other benefit plan qualifying for tax deductibility of premiums;(4) An application to the existing insurer that issued the existing life insurance where a contractual change or conversion privilege is being exercised;(5) Existing life insurance that is a non-convertible term life insurance policy which will expire in five years or less and cannot be renewed, unless such policy has tabular cash values; or(6) Proposed life insurance that is to replace existing life insurance issued under a binding or conditional receipt delivered by the same company;(7) Variable life insurance or annuities under which the death benefits and cash values vary in accordance with unit values of investments held in a separate account,(8) Transactions involving annuity contracts which are governed by Rule 69B-162.011, F.A.C.Fla. Admin. Code Ann. R. 69O-151.004
Rulemaking Authority 624.308, 626.9611, 626.9641 FS. Law Implemented 624.307(1), 626.9521, 626.9541, 626.9641, 627.4554 FS.
New 7-9-81, Formerly 4-24.03, Amended 2-2-83, Formerly 4-24.13, 4-24.013, 4-151.004, Amended by Florida Register Volume 49, Number 244, December 19, 2023 effective 1/4/2024.New 7-9-81, Formerly 4-24.03, Amended 2-2-83, Formerly 4-24.13, 4-24.013, 4-151.004, Amended 1-4-24.