Florida Statutes, Rules, and Regulations Common to All Lines
An agent uses misleading comparisons to persuade a client to surrender an in-force life policy and buy a new one from a different insurer. Which practice is this?
Answer and explanation
Answer: B. Section 626.9541(1)(l) defines twisting as knowingly making misleading representations for the purpose of inducing a person to lapse, forfeit, or surrender an insurance policy. Sliding under (1)(z) concerns unconsented ancillary coverage. Rebating under (1)(h) requires giving the insured value that the contract does not specify, and applying a surrender value to a new contract is not that.Source: Fla. Stat. § 626.9541 — (1)(l), Twisting
More florida statutes, rules, and regulations common to all lines questions
- Florida checks an applicant's background at licensure and again requires character certification at appointment. What does the second step add?
- Florida's prelicensing statute describes coursework of thirty hours and of sixty hours. What distinguishes them?
- For how long does a passing grade on the Florida licensing examination remain valid?
- For how long must an agent preserve records of premium payments under Florida law?
- For what purpose does Florida use the fingerprints an applicant submits with a licence application?
- For whose benefit must a Florida fraternal benefit society be conducted?
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.