Rule: 69B-162.011

Rule Title: Suitability and Disclosure in Annuity Investments - Forms Required

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Insurance Agent and Agency Services

Chapter:

ANNUITY CONTRACTS

Latest version of the final adopted rule presented in Florida Administrative Code (FAC):

Effective Date:

5/22/2024

History Notes:

Rulemaking Authority 624.308 , 627.4554 FS. Law Implemented 627.4554 FS. History–New 12-25-09, Amended 10-21-14, 5-22-24, Technical Change 3-9-26.

References in this version:

Ref-16581 Appendix A - Insurance Agent (Producer) Disclosure for Annuities, DFS-H1-1990

Ref-16582 Appendix B - Consumer Refusal to Provide Information - DFS-H1-1991

Ref-16583 Appendix C - Consumer Decision to Purchase an Annuity Not Based on a Recommendation - DFS-H1-1992

History of this Rule since Jan. 6, 2006

Notice /

Adopted

Section

Description

Publish

Date

Correction

69B-162.011

Suitability and Disclosure in Annuity Investments - Forms Required

3/9/2026

Vol. 52/46

Final

69B-162.011

Suitability and Disclosure in Annuity Investments - Forms Required

Effective:

05/22/2024

Proposed

69B-162.011

The rulemaking will replace current forms and provide a timeframe for insurers and agents to comply with a request for records from the department.

3/4/2024

Vol. 50/44

Workshop

69B-162.011

This workshop will consider public input on the proposed changes to the above-referenced rule.

November 20, 2023, from 10:30 a.m. till 12:00 p.m.

200 East Gaines Street, Tallahassee, Florida 32399, Larson Building, ....

11/3/2023

Vol. 49/215

Development

69B-162.011

The rulemaking will update current forms to implement

chapter 2023-130, Laws of Florida.

10/25/2023

Vol. 49/208

Final

69B-162.011

Suitability and Disclosure in Annuity Investments - Forms Required

Effective:

10/21/2014

Correction

69B-162.011

Suitability and Disclosure in Annuity Contracts-Forms Required.

9/8/2014

Vol. 40/174

Change

69B-162.011

Suitability and Disclosure in Annuity Contracts-Forms Required.

8/19/2014

Vol. 40/161

Proposed

69B-162.011

The proposed rule is amended to conform with revisions to s. 627.4554, F.S., as enacted by SB 166 (Chapter 2013-163, Laws of Florida). SB 166 substantially revised Florida consumer protection laws relating to the sales of ....

5/21/2014

Vol. 40/99

Development

69B-162.011

The proposed rule is amended to conform with revisions to s. 627.4554, F.S., as enacted by SB 166 (Chapter 2013-163, Laws of Florida). SB 166 substantially revised Florida consumer protection laws relating to the sales of ....

2/3/2014

Vol. 40/22

Withdrawal

69B-162.011

Suitability and Disclosure in Annuity Contracts-Forms Required.

6/1/2012

Vol. 38/22

Change

69B-162.011

Suitability and Disclosure in Annuity Contracts-Forms Required.

11/4/2011

Vol. 37/44

Proposed

69B-162.011

The purpose of the proposed rule amendment is to revise the existing rule to reflect certain provisions of Senate Bill 2176, a general insurance bill passed by the 2010 Legislature. The relevant statute,

Section 626.99(4)(c), ....

7/22/2011

Vol. 37/29

Development

69B-162.011

The purpose of the proposed rule amendment is to revise the existing rule to reflect certain provisions of Senate Bill 2176, a general insurance bill passed by the 2010 Legislature. The relevant statute,

Section 626.99(4)(c), ....

11/19/2010

Vol. 36/46

Final

69B-162.011

Suitability and Disclosure in Annuity Contracts-Forms Required.

Effective:

12/25/2009

Variances

69B-162.011

waiver filed by Sun Life Assurance Company of Canada (U.S.). The petition seeks a 30-day waiver from Rule 69B-162.011, F.A.C., in order to have more time to revise its systems before being required to use the forms adopted ....

12/24/2009

Vol. 35/51

Variances

69B-162.011

waiver filed by Liberty Life Insurance Company. The petition seeks a 30-day waiver from Rule 69B-162.011, F.A.C., in order to have more time to revise its systems before being required to use the forms adopted in Rule 69B-162.011, ....

12/24/2009

Vol. 35/51

Variances

69B-162.011

permanent variance, filed by American Equity Investment Life Insurance Company. The petition seeks a permanent variance from the requirement in Form DFS-H1-1908, Annuity Suitability Questionnaire, incorporated in Rule 69B-162.011, ....

12/24/2009

Vol. 35/51

Validity

69B-162.011

American Council of Life Insurance vs. Department of Financial Services; Case No.: 09-4909RP; Rule No.: 69B-162.011; Dismissed

10/30/2009

Vol. 35/43

Validity

69B-162.011

American Council of Life Insurance vs. Department of Financial Services; Case No.: 09-4909RP; Rule No.: 69B-162.011; Petition

10/30/2009

Vol. 35/43

Change

69B-162.011

Suitability and Disclosure in Annuity Contracts-Forms Required.

8/21/2009

Vol. 35/33

Change

69B-162.011

Suitability and Disclosure in Annuity Contracts-Forms Required.

8/14/2009

Vol. 35/32

Proposed

69B-162.011

The proposed rule implements

Section 627.4554, Florida Statutes, by adopting an Annuity Suitability form and a Disclosure and Comparison of Annuity Contracts form for use in sales of annuities to senior consumers.

5/22/2009

Vol. 35/20

Development

69B-162.011

The proposed rule implements

Section 627.4554, Florida Statutes by adopting an Annuity Suitability form and a Disclosure and Comparison of Annuity Contracts form for use in sales of annuities to senior consumers.

1/16/2009

Vol. 35/02