Florida Statutes, Rules, and Regulations Common to All Lines
An agent charges the correct premium but hands the applicant a personal cheque afterward. Which provision fits?
Answer and explanation
Answer: B. Section 626.9541(1)(h) reaches giving the insured any valuable consideration not specified in the contract, which is what a personal cheque is. The premium collected was correct, so (1)(o) is not engaged. Sliding under (1)(z) concerns unconsented ancillary coverage and twisting under (1)(l) concerns inducing lapse of existing coverage.Source: Fla. Stat. § 626.9541 — 626.9541(1)(o) compared with (1)(h)
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