Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
A Florida replacement involves two insurers. Which rule speaks to each?
Answer and explanation
Answer: B. Rule 69O-151.007 is titled Duties of Replacing Insurers and rule 69O-151.008 is titled Duties of the Existing Insurer, so each addresses one side. Rule 69O-151.202 carries the disclosure form and churning procedures, and rule 69O-151.201 states purpose and scope.Source: Fla. Admin. Code ch. 69O-151 — 69O-151.007 and .008 compared
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