Fla. Admin. Code Ann. R. 69O-150.109 - Use of Dividends
(1) An advertisement
shall not be used that utilizes or describes dividends in a manner which is
misleading or has a tendency to mislead.
(2) An advertisement shall not directly or
indirectly state or imply that the amount of dividends or divisible surplus is
guaranteed; nor shall such advertisement state or imply that a policyholder
will profit by the growth of the company.
(3) Any comparison between participating and
non-participating policies or contracts must be true and
accurate.
Notes
Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.9541(1), (2) FS.
New 9-1-73, Formerly 4-35.07, 4-35.007, 4-150.109.
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