Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
For how long must executed Policy Disclosure Forms be maintained under the Florida replacement rule?
Answer and explanation
Answer: D. Rule 69O-151.202 requires executed forms to be maintained for at least five years. That is distinct from the three-year retention section 626.561(2) imposes on records of premium payments, so the two retention periods should not be conflated.Source: Fla. Admin. Code r. 69O-151.202 — 69O-151.202, Retention of executed forms
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
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- 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?
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