Florida Statutes Part XIV - Variable Or Indeterminate Value Contracts (Ss. 627.801-627.807)

• 627.801 - Application Of This Part.
  This part applies to annuity contracts, life insurance contracts, and contracts upon the lives of beneficiaries under life insurance contracts when such annuities or contracts...
• 627.8015 - “indeterminate Value Contracts” And “variable Contracts” Defined.
  For the purposes of this part:(1) “Indeterminate value contracts” means annuity contracts, life insurance contracts, and contracts upon the lives of beneficiaries under life insurance contracts...
• 627.802 - Establishment And Maintenance Of Separate Accounts.
  A domestic life insurance company may establish one or more separate accounts and allocate thereto amounts, including without limitation proceeds applied under optional modes of...
• 627.803 - Statement Of Value Of Benefits.
  Any contract or group certificate delivered or issued for delivery in this state which provides variable or indeterminate values shall contain a statement of the...
• 627.804 - Investment Of Assets.
  An insurer which issues contracts providing for benefits, values, or premiums that vary directly according to investment experience and which has established a separate account...
• 627.805 - Regulation Of Variable And Indeterminate Value Contracts; Rules.
  The Department of Financial Services and the Office of Insurance Regulation shall regulate the issuance and sale of variable and indeterminate value contracts pursuant to...
• 627.8055 - Qualification Of Companies To Issue Variable Or Indeterminate Value Contracts.
  No insurance company shall issue or deliver any contract on a variable or indeterminate value basis until it has satisfied the office that its financial...
• 627.806 - Applicability Of Code To Indeterminate Value Contracts And Variable Life Insurance Contracts And Accounts.
  (1) Subject to the provisions of subsection (2), all pertinent provisions of the insurance code, including the provisions relating to reinsurance, apply to indeterminate value contracts.(2) Except...
• 627.807 - Variable Or Indeterminate Value Contract Reserve Requirements.
  The reserve liability for variable or indeterminate value contracts shall be established in accordance with actuarial procedures that recognize the variable nature of the benefits,...

Last modified: September 23, 2016