Florida Regulations 69B-150.215: Statements About a Small Employer Carrier
Current as of: 2024 | Check for updates
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(1) A marketing communication shall not contain statements that are untrue in fact, or misleading by implication, with respect to the assets, corporate structure, financial standing, age, or relative position of the small employer carrier in the insurance business.
(2) A marketing communication that contains a recommendation by any commercial rating system shall clearly indicate the purpose of the recommendation and the limitations of the scope and extent of the recommendation.
(3) A marketing communication that refers to a holding company or subsidiary of a small employer carrier shall fully disclose that the holding company or subsidiary is a separate entity and is not responsible for the small employer carrier’s financial condition or contractual obligations.
(4) A marketing communication shall not refer to a reinsurer or the existence of reinsurance
Rulemaking Authority 624.308, 626.961 FS. Law Implemented 624.307(1), 626.9541(1), (2), 627.6699(9)(d)4. FS. History-New 2-25-93, Amended 1-4-00, Formerly 4-150.215.
Terms Used In Florida Regulations 69B-150.215
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(3) A marketing communication that refers to a holding company or subsidiary of a small employer carrier shall fully disclose that the holding company or subsidiary is a separate entity and is not responsible for the small employer carrier’s financial condition or contractual obligations.
(4) A marketing communication shall not refer to a reinsurer or the existence of reinsurance
Rulemaking Authority 624.308, 626.961 FS. Law Implemented 624.307(1), 626.9541(1), (2), 627.6699(9)(d)4. FS. History-New 2-25-93, Amended 1-4-00, Formerly 4-150.215.