Section 69O-149.023 - Review(1) Filings will be reviewed for compliance with applicable statutes and rules as stated on the forms adopted in Rule 69O-149.022, F.A.C., and will be disapproved for failure to comply. Filings will be disapproved for inconsistencies or ambiguities which are misleading.(2) The policy may not reserve the right to change contractual provisions without the written consent of the policyholder unless the nature and parameters of such changes are clearly expressed in the contract.(3) A group life or annuity policy may not reserve the right to change contractual provisions which will adversely affect the annuitization benefit for a certificateholder which is attributable to premiums or contributions already made to the contract.(4) The insurer shall submit a description of distribution systems (e.g. direct marketing, marketing through agents, marketing through financial or other institutions, etc.), and the intended target population for all product filings.Fla. Admin. Code Ann. R. 69O-149.023
Rulemaking Authority 624.308, 627.805, 626.9611 FS. Law Implemented 624.307, 625.121, 626.9541, 626.9641, 626.99, 627.410, 627.411, 627.474, 627.476 FS.
New 5-15-96, Formerly 4-149.023, Amended 5-18-04.New 5-15-96, Formerly 4-149.023, Amended 5-18-04.