Florida Regulations 69O-202.008: General Eligibility Requirements
Current as of: 2024 | Check for updates
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(1) Any person engaging in the business of issuing donor annuity agreements must submit Form OIR-C1-1208 to the Office electronically at https://www.floir.com/iportal on the date on which the person enters into the first of these annuity agreements. Form OIR-C1-1208, “”Notification to the Office of Insurance Regulation as a Qualifying Issuer of Donor Annuity Agreements Pursuant to Florida Statutes § 627.481,”” effective 6/20, is hereby incorporated by reference and available at https://www.flrules.org/Gateway/reference.asp?No=Ref-14417. The form may be obtained from https://www.floir.com/iportal.
(2) Any person subject to Florida Statutes § 627.481, that fails to submit the required notification form is subject to penalty as provided in Florida Statutes § 626.9521
Rulemaking Authority Florida Statutes § 624.308(1), 627.481(11) FS. Law Implemented 624.307(1), 627.481 FS. History-New 6-23-92, Amended 1-7-97, 12-24-03, Formerly 4-202.008, Amended 7-21-22.
Terms Used In Florida Regulations 69O-202.008
- 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.
- Donor: The person who makes a gift.
Rulemaking Authority Florida Statutes § 624.308(1), 627.481(11) FS. Law Implemented 624.307(1), 627.481 FS. History-New 6-23-92, Amended 1-7-97, 12-24-03, Formerly 4-202.008, Amended 7-21-22.