The 2022 Florida Statutes
What is the Florida replacement rule?Florida's Replacement Rule sets forth the requirements and procedures to be followed by insurance companies and insurance producers when a proposal is being made to a client who plans to replace existing life insurance contract(s) with the proposed new life insurance policy.
Which of the following situations are not subject to Florida's life insurance laws?Which of the following situations are NOT subject to Florida life insurance laws? Insurance companies' day-to-day operations . ( Florida life insurance laws apply to all of these situations EXCEPT "Insurance companies' day-to-day operations".)
Which of the following is not a situation that involves life insurance policy replacement quizlet?Which of the following is NOT a situation that involves life insurance policy replacement? Maintaining an existing policy and applying for a new one.
Which of the following is among the regulations set forth by the Florida replacement rule quizlet?Which of the following is among the regulations set forth by the Florida Replacement Rule? The Florida Replacement Rule established that, when replacing life insurance contracts with new contracts, the agent is required to give the applicant a written comparison and summary statement at the request of the policyholder.
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