Florida Statutes, Rules, and Regulations Common to All Lines
Which arrangement fits Florida's definition of an unlawful rebate?
Answer and explanation
Answer: C. Section 626.9541(1)(h) reaches paying, allowing, or giving an unlawful rebate of premiums payable, or any valuable consideration not specified in the contract. Value flowing to the insured outside the contract is the hallmark. A discount contained in the filed rates is part of the contract, compensation between appointed licensees is separate from a rebate to the insured, and returning unearned premium is a contractual obligation.Source: Fla. Stat. § 626.9541 — (1)(h), Unlawful rebates
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