Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
An agent offers a prospect a cash gift not provided for in the contract to close a life sale, and disparages the prospect's current policy with misleading claims. Which practices are involved?
Answer and explanation
Answer: C. Giving the insured value not specified in the contract is an unlawful rebate under section 626.9541(1)(h), and misleading representations made to induce a person to lapse or surrender existing coverage is twisting under (1)(l). Sliding concerns unconsented ancillary charges, churning uses existing policy values, defamation targets a person, and false advertising concerns disseminated advertisements.Source: Fla. Stat. § 626.9541 — 626.9541(1)(h) and (1)(l), Prohibited practices
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
- Which of these is recognised in Florida's group life statutes as an eligible group?
- Which pair of Florida sections governs borrowing against a policy and the minimum values available if premiums stop?
- Which rule governs what the insurer whose policy may be replaced must do?
- Which section of Florida's group life provisions governs employee groups?
- Which statement about dependent coverage under a Florida group life plan is accurate?
- Who is responsible for providing the Policy Disclosure Form under the current Florida replacement rule?
589 Florida questions like this one.
Every answer explained, the ones you miss come back on a spaced schedule, and a plan built from your exam date.