628.48 – Risk retention groups.
628.48 Risk retention groups. (1) Prohibited marketing. A risk retention group may not do any of the following: (a) Solicit or sell insurance to any person who is not eligible for membership in the risk retention group. (b) Solicit or sell insurance or otherwise operate if the risk retention group is in a hazardous financial […]
628.49 – Regulation of managing general agents, reinsurance brokers and managers and controlling producers.
628.49 Regulation of managing general agents, reinsurance brokers and managers and controlling producers. After considering the applicable model acts adopted by the National Association of Insurance Commissioners, the commissioner may promulgate rules that are reasonably necessary to regulate the business practices and transactions of the following: (1) Managing general agents. (2) Reinsurance brokers. (3) Reinsurance […]
628.37 – Preservation of professional relationships in professional services.
628.37 Preservation of professional relationships in professional services. No insurance plan related to or providing health care, legal or other professional services may alter the direct relationship and responsibility of professional persons to their patients or clients for the professional services rendered. All professional relationships are subject to the same rules of contract and tort […]
628.38 – Disclosure requirements.
628.38 Disclosure requirements. The commissioner may by rule require insurers to deliver to prospective buyers of life or disability insurance, at a time specified in the rule, information consistent with ss. 601.01 and 628.34 that will improve their ability to select appropriate coverage. History: 1981 c. 82.
628.39 – Extension of credit on premiums.
628.39 Extension of credit on premiums. The extension of credit to the insured upon a premium without interest for not exceeding 60 days from the effective date of the policy, or after that time with interest at not less than the legal rate nor more than 18 percent per year on the unpaid balance, is […]
628.40 – Effect of agent’s appointment on insurer.
628.40 Effect of agent’s appointment on insurer. Every insurer is bound by any act of its agent performed in this state that is within the scope of the agent’s apparent authority, while the agency contract remains in force and after that time until the insurer has made reasonable efforts to recover from the agent its […]
628.46 – Timely payment of claims.
628.46 Timely payment of claims. (1) Unless otherwise provided by law, an insurer shall promptly pay every insurance claim. A claim shall be overdue if not paid within 30 days after the insurer is furnished written notice of the fact of a covered loss and of the amount of the loss. If such written notice […]
628.345 – Prohibited practices during license revocation or surrender.
628.345 Prohibited practices during license revocation or surrender. (1) In this section: (a) “Disciplinary period” means the period of time beginning on the effective date of the termination of the license of an intermediary under par. (b) 1. and ending on the date on which a new license is issued to the intermediary. The “disciplinary […]
628.347 – Best interest in annuity transactions.
628.347 Best interest in annuity transactions. (1) Definitions. In this section: (a) “Annuity” means an annuity that is an insurance product that is individually solicited, whether the product is classified as an individual or group annuity. (ac) “Cash compensation” means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received […]
628.348 – Sale of long-term care insurance.
628.348 Sale of long-term care insurance. (1) Training requirement. On and after January 1, 2009, no person may solicit, negotiate, or sell long-term care insurance unless the person is a licensed intermediary and he or she has completed the initial training portion of the training program under s. 49.45 (31) (c) and completes the ongoing […]