Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
A Florida applicant is buying an additional life policy. Which document must reach the applicant, and when?
Answer and explanation
Answer: C. Rule 69O-151.202 requires the insurer or its licensed and appointed agent to provide Form OIR-D0-1180, the Policy Disclosure Form, prior to or contemporaneous with the time the applicant signs any application for the purchase of an additional life insurance policy or annuity contract. The timing is fixed to the signing, not to issue or to delivery.Source: Fla. Admin. Code r. 69O-151.202 — 69O-151.202, Policy Disclosure Form
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