Florida Regulations > Chapter 60V-1 – Participation
Current as of: 2024 | Check for updates
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Other versions
| R. 60V-1.002 | Statements of Policy |
| R. 60V-1.005 | Election to Participate |
| R. 60V-1.007 | Approved Forms |
Terms Used In Florida Regulations > Chapter 60V-1 - Participation
- 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.
- Contract: A legal written agreement that becomes binding when signed.