(1) Florida Statutes § 627.677, and this rule chapter apply to credit life insurance and credit disability insurance sold in conjunction with a credit transaction.
    (2) A policy or certificate is deemed to be credit life insurance or credit disability insurance if it:
    (a) References the creditor or credit transaction within the form;
    (b) Conditions the coverage upon the existence, term or coverage of a credit transaction.
Rulemaking Authority 624.308(1), 627.678 FS. Law Implemented 624.307(1), 627.676, 627.677 FS. History-New 2-11-03, Formerly 4-163.0015.