Florida Regulations 69O-162.101: Scope
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The following rules shall govern annuity mortality tables for use in reserves as set forth in Section 625.121, Florida Statutes.
Specific Authority 624.308, 625.121(5)(i) FS. Law Implemented 624.307(1), 625.121 FS. History-New 12-23-98, Formerly 4-162.101.
Specific Authority 624.308, 625.121(5)(i) FS. Law Implemented 624.307(1), 625.121 FS. History-New 12-23-98, Formerly 4-162.101.
Terms Used In Florida Regulations 69O-162.101
- 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.