Florida Statutes Part IX - Credit Life And Disability Insurances (Ss. 627.676-627.6845)
- 627.676 - Scope Of This Part.
This part applies only to credit life and credit disability insurances as defined in s. 627.677.History.—s. 595, ch. 59-205; s. 3, ch. 76-168; s. 1,...
- 627.677 - Definitions.
As used in this part, the term:(1) “Credit life insurance” means insurance on the life of a debtor pursuant to or in connection with a specific...
- 627.678 - Rules.
(1) For the effective protection of the public interest, the commission shall have full power and authority to adopt, and the office shall enforce, separate rules...
- 627.6785 - Filing Of Rates With Department.
(1) Credit disability and credit life insurers shall file with the office a copy of all rates and any rate changes used in this state.(2) No credit...
- 627.679 - Amount Of Insurance; Disclosure.
(1)(a) The amount of credit life insurance written under one or more policies shall not exceed by more than $5 the total of the payments of...
- 627.681 - Term And Evidence Of Insurance.
(1) The term of credit life insurance coverages shall not extend more than 15 days beyond the term of the indebtedness, except when extended without additional...
- 627.682 - Filing, Approval Of Forms.
All forms of policies, certificates of insurance, statements of insurance, applications for insurance, binders, endorsements, and riders of credit life or disability insurance delivered or...
- 627.683 - Licensed Agent Required.
All policies to which this chapter applies shall be issued through a licensed agent.History.—s. 602, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457;...
- 627.684 - Premium Not Deemed Loan Or Finance Charge.
The premium or cost of credit life or disability insurance, when written by or through any lender or other creditor, its affiliate or associate or...
- 627.6841 - Credit Insurance Consolidations; General Requirements.
An insurer may not participate in any consolidation unless it complies with all of the following requirements:(1) The offer of new coverage must be made on...
- 627.6842 - Group-to-group Consolidations.
If both the old coverage and the new coverage are provided under group policies:(1) A signed application need not be obtained if all of the following...
- 627.6843 - Consolidation Disclosure Requirements.
(1) In conjunction with any offer of new coverage made in any consolidation, the new insurer must disclose in writing to each prospective insured all of...
- 627.6844 - Replacement Rules.
Group-to-group consolidations are exempt from any rule of the commission relating to the replacement of existing life or health insurance. Sections 627.6841-627.6845 do not create...
- 627.6845 - Policy Forms Used In Connection With Consolidations.
A policy or group certificate of credit insurance used in connection with any consolidation, or an application, endorsement, or rider which becomes a part of...
Last modified: September 23, 2016