(1) “Indeterminate value contracts” means annuity contracts, life insurance contracts, and contracts upon the lives of beneficiaries under life insurance contracts when such annuities or contracts provide variable or indeterminate benefits, values, or premiums.
(2) “Variable contracts” means indeterminate value contracts for which assets are held in a separate account.
History.—ss. 586, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318.
Structure Florida Statutes
Chapter 627 - Insurance Rates and Contracts
Part XIV - Variable or Indeterminate Value Contracts (Ss. 627.801-627.807)
627.801 - Application of this part.
627.8015 - “Indeterminate value contracts” and “variable contracts” defined.
627.802 - Establishment and maintenance of separate accounts.
627.803 - Statement of value of benefits.
627.804 - Investment of assets.
627.805 - Regulation of variable and indeterminate value contracts; rules.
627.8055 - Qualification of companies to issue variable or indeterminate value contracts.
627.807 - Variable or indeterminate value contract reserve requirements.