(1) The commission shall adopt rules governing the permitted compensation arrangements between insurers and agents with respect to Medicare supplement policies.
(2) The rules shall be based upon the format, interrelationships, and parameters relating to compensation arrangements as set forth in the NAIC Medicare Supplement Insurance Minimum Standards Model Act and Regulations adopted by the National Association of Insurance Commissioners on July 31, 1991.
History.—s. 6, ch. 90-257; s. 18, ch. 91-201; ss. 143, 149, ch. 92-33; s. 114, ch. 92-318; s. 1175, ch. 2003-261.
Structure Florida Statutes
Chapter 627 - Insurance Rates and Contracts
Part VIII - Medicare Supplement Policies (Ss. 627.671-627.675)
627.671 - Medicare supplement reform; short title.
627.673 - Designation as Medicare supplement policy; penalties for violations.
627.6735 - Order to discontinue certain advertising.
627.6736 - Filing requirements for out-of-state group policies.
627.6737 - Reporting of multiple policies.
627.674 - Minimum standards; filing requirements.
627.6741 - Issuance, cancellation, nonrenewal, and replacement.
627.6742 - Permitted compensation arrangements.
627.6743 - Standards for marketing.
627.6744 - Recommended purchase and excessive insurance.
627.6745 - Loss ratio standards; public rate hearings.
627.6746 - Compliance with Omnibus Budget Reconciliation Acts.