Florida Regulations 69K-7.008: Preneed Trust Funds – Withdrawal of Income Earned Thereon
Current as of: 2024 | Check for updates
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At the time of withdrawal a preneed licensee shall take reasonable steps to evaluate the income derived from that particular contract. A preneed licensee may not use any formula to make the evaluation if such formula is used as a guise to make unauthorized withdrawals or results in accelerated or excessive withdrawals above the amounts allowed by Florida Statutes Chapter 497, and the rules promulgated thereto.
Rulemaking Authority 497.103 FS. Law Implemented Florida Statutes § 497.458. History-New 8-26-85, Formerly 3D-30.32, Amended 1-4-88, Formerly 3D-30.032, Amended 4-10-97, Formerly 3F-7.008.
Rulemaking Authority 497.103 FS. Law Implemented Florida Statutes § 497.458. History-New 8-26-85, Formerly 3D-30.32, Amended 1-4-88, Formerly 3D-30.032, Amended 4-10-97, Formerly 3F-7.008.
Terms Used In Florida Regulations 69K-7.008
- Contract: A legal written agreement that becomes binding when signed.