JORDEN BURT ALERT: Florida Proposes Unlawful Inducement Rules March 8, 2010
Florida's Unfair Insurance Trade Practices Act ("UITPA"), Florida Statutes § 626.951 et seq., prohibits insurers and other persons from engaging in unfair or deceptive practices involving the business of insurance, including the making of "unlawful rebates." Unlawful rebates include "Paying, allowing, or giving . . . as inducement to [an] insurance contract, any unlawful rebate of premiums payable on the contract, any special favor or advantage in the dividends or other benefits thereon, or any valuable consideration or inducement whatever not specified in the contract." Florida Statutes § 626.9541(1)(h)1.b.
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Florida Proposes Unlawful Inducement Rules
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