Florida Regulations 69O-162.009: Licensing of Agents
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Sales of variable annuity contracts shall be made or solicited only by persons authorized under licenses from the Department of Financial Services to sell life insurance only after certification by the Department as having satisfactorily completed an examination given or authorized by the Department relating to variable annuity contracts.
Specific Authority 627.805 FS. Law Implemented 626.221, 626.241 FS. History-Repromulgated 12-24-74, Formerly 4-10.09, 4-10.009, 4-162.009.
Specific Authority 627.805 FS. Law Implemented 626.221, 626.241 FS. History-Repromulgated 12-24-74, Formerly 4-10.09, 4-10.009, 4-162.009.
Terms Used In Florida Regulations 69O-162.009
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.