11931890, 69O-157.018 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 11931890

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

LONG-TERM CARE INSURANCE

Overview

RULE:

69O-157.018

Right to Return Policy - Free Look (Repealed)

PURPOSE:

Repeals Rule 69O-157.018, Florida Administrative Code.

SUMMARY:

This rule requires individual long-term care insurers to give policyholders thirty days to examine a policy after its delivery and to return the policy for a full refund of premium if they are not satisfied with the policy for any reason.  The rule also requires insurers to provide insureds with a notice of their right to return the policy within 30 days.
This rule substantially restates the language of Section 627.9407(8), Florida Statutes and is unnecessary.  As a result, this rule should be repealed.

RULEMAKING AUTHORITY:

624.308(1), 627.9407(1), FS.

LAW:

624.307(1), 627.9407(1), (7), FS.

PRINT PUBLISH DATE:

8/31/2012 Vol. 38/35

COMMENTS:

From 8/31/2012 To 9/21/2012 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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