Florida Statutes 627.8055 – Qualification of companies to issue variable or indeterminate value contracts
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Terms Used In Florida Statutes 627.8055
- Contract: A legal written agreement that becomes binding when signed.
No insurance company shall issue or deliver any contract on a variable or indeterminate value basis until it has satisfied the office that its financial condition, management, history, and methods of operation are not such as would render its operation harmful to the public welfare.