Florida Immediate Annuity, Deferred Annuity, Fixed Annuity and Variable Annuity Twisting or Churning FINRA Arbitration and Litigation Attorney: There are several ways to categorize annuities, and any one annuity may fit into several categories. Immediate Annuities: With an immediate annuity, the annuant pays a single premium and immediately starts receiving…
South Florida Insurance Dispute and Litigation Attorney: The general rule in Florida is that a misstatement in, or omission from, an application for insurance need not be intentional before recovery may be denied pursuant to 627.409. Florida Statute 627.409 provides that : (1) Any statement or description made by or…
FAQ’s Relative to the Interpretation of all Types of Insurance Contracts, Including Variable and Fixed Annuity Insurance Contracts – Florida Insurance Litigation and Arbitration Attorney: Florida law requires that insurance contracts are construed according to their plain meaning and, if a policy provision is clear and unambiguous, it should be…
Florida Indexed Annuity Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney: Prior to purchasing an indexed annuity, it is important that you understand various features contained in the annuity contract. Some of these items are set forth below. Please keep in mind that this information is being provided for educational…
South Florida Indexed Annuity Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney: What is an indexed annuity? An indexed annuity is a type of contract between you and an insurance company. During the accumulation period – when you make either a lump sum payment or a series of payments –…
Florida Fixed and Variable – Deferred and Immediate Annuity – Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney: FAQ’s About Annuities: An annuity is a contract or agreement with an insurance or investment company that provides a source of income or series of payments, from the investment either now or…
Post-Employment Restrictive Covenants – Insurance and other Businesses: This post provides a general discussion concerning post-employment restrictive covenants that may be found in employment agreements in the State of Florida. The statute governing this issue is Florida Statute 542.335. Florida, by statute, has determined that post-employment restrictive covenant agreements are…
State of Florida Insurance Fraud, Regulation, Misrepresentation, and Negligence Litigation and Arbitration Attorney: In the Matter of Johan Mary-Lyn Akal, Case No.: 140353-13-AG: On September 20, 2013, the Florida Department of Financial Services (“Department”) issued a Consent Order against Johan Mary-Lyn Akal, which, in part, required the Respondent to surrender…
Florida Variable and Fixed Annuity, Life and Health Insurance Fraud and Misrepresentation Attorney: In the Matter of: Charlotte Bredal Oliver, Case No.: 140535-13-AG: On September 20, 2013, the Florida Department of Financial Services (“Department”) issued a Consent Order against Charlotte Bredal Oliver, which, in part, required the Respondent to surrender…
Variable Annuity Misrepresentation – Florida Litigation and Arbitration Attorney: In the Matter of: Matthew Watson Shaw, Administrative Case No: 139968-13-AG: On September 4, 2013, the Florida Department of Financial Services entered a Consent Order against Matthew Watson Shaw, which was based upon a Settlement Agreement for Consent Order dated August…