Florida Regulations > Chapter 69B-162 – Annuity Contracts
Current as of: 2024 | Check for updates
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Other versions
R. 69B-162.010 | Selling Methods and Advertising |
R. 69B-162.011 | Suitability and Disclosure in Annuity Investments – Forms Required |
Terms Used In Florida Regulations > Chapter 69B-162 - Annuity Contracts
- 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.