Fla. Admin. Code R. 69O-162.006
Current through Reg. 50, No. 222; November 13, 2024
Any variable annuity contract delivered or issued for delivery in this state, and any application for such contract, and any group annuity certificate, shall contain on its first page, in a prominent position in ten (10) point type or larger, a clear statement that the annuity benefits of values thereunder are on a variable basis.
Suggested wording is as follows: "ANNUITY PAYMENTS AND TERMINATION VALUES PROVIDED BY THIS CONTRACT ARE VARIABLE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT."
Fla. Admin. Code Ann. R. 69O-162.006
Specific Authority 626.9611, 627.805 FS. Law Implemented 626.9541(1), 627.803 FS.
Repromulgated 12-24-74, Formerly 4-10.06, 4-10.006, 4-162.006.