The purpose of this chapter is to provide for the reasonable standardization and simplification of terms and benefits of Medicare supplement policies; to facilitate public understanding and comparison of such policies; to eliminate provisions contained in such policies which may be misleading or confusing in connection with the purchase of such policies or with the settlement of claims; and to provide for full disclosure in the sale of accident and sickness insurance coverage to persons eligible for Medicare.
Specific Authority 624.308(1) FS. Law Implemented 624.307(1), 627.674 FS. History-New 1-1-81, Formerly 4-51.01, Amended 11-7-88, 9-4-89, Formerly 4-51.001, Amended 1-1-92, Formerly 4-156.001.

Terms Used In Florida Regulations 69O-156.001

  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.