(1) When the services of an administrator are utilized, the administrator shall provide a written notice approved by the insurer to insured individuals advising them of the identity of, and relationship among, the administrator, the policyholder, and the insurer.
(2) When an administrator collects funds, the administrator shall identify and state separately in writing, to the person paying to the administrator any charge or premium for coverage, the amount of any such charge or premium specified by the insurer for such coverage.
History.—s. 4, ch. 83-203; s. 3, ch. 84-94; ss. 206, 207, ch. 90-363; s. 4, ch. 91-429.
Structure Florida Statutes
Chapter 626 - Insurance Field Representatives and Operations
Part VII - Insurance Administrators (Ss. 626.88-626.8991)
626.8805 - Certificate of authority to act as administrator.
626.8814 - Disclosure of ownership or affiliation.
626.8817 - Responsibilities of insurance company with respect to administration of coverage insured.
626.882 - Agreement between administrator and insurer; required provisions; maintenance of records.
626.884 - Maintenance of records by administrator; access; confidentiality.
626.885 - Notice; statement of charge or premium for coverage.
626.886 - Delivery of insurer’s written communications to policyholders.
626.887 - Advertising; approval by insurer.
626.888 - Adjustment or settlement of claims; compensation of administrator.
626.89 - Annual financial statement and filing fee; notice of change of ownership.
626.891 - Grounds for suspension or revocation of certificate of authority.
626.892 - Order of suspension or revocation of certificate of authority; notice.
626.893 - Period of suspension; obligations during suspension; reinstatement.
626.894 - Administrative fine in lieu of suspension or revocation.
626.895 - Definition of “service company” or “service agent.”
626.896 - Servicing requirements for self-insurers and multiple-employer welfare arrangements.
626.897 - Application for authorization to act as service company; bond.
626.898 - Requirements for retaining authorization as service company; recertification.