69O-151.004. Exemptions

Unless otherwise specifically included, paragraph 69O-151.007(3)(b) and subsection 69O-151.008(1), F.A.C., shall not apply to: (1) Industrial Insurance; (2) Group, franchise, and individual credit life insurance; (3) Group life insurance and life insurance policies issued in connection with a pension, profit sharing or other benefit plan qualifying for tax deductibility of premiums; (4) An application to the existing insurer that issued the existing life insurance where a contractual change or conversion privilege is being exercised; (5) Existing life insurance that is a non-convertible term life insurance policy which will expire in five years or less and cannot be renewed, unless such policy has tabular cash values; or (6) Proposed life insurance that is to replace existing life insurance issued under a binding or conditional receipt delivered by the same company; (7) Variable life insurance or annuities under which the death benefits and cash values vary in accordance with unit values of investments held in a separate account, (8) Transactions involving annuity contracts which are governed by Rule 69B-162.011, F.A.C.