Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
Which currently effective Florida rule sets out the duties of the replacing insurer?
Answer and explanation
Answer: C. Rule 69O-151.007, Duties of Replacing Insurers, remains in effect. Rules 69O-151.005 (Duties of Agent), 69O-151.006 (Duties of Replacing Agent), and 69O-151.203 were repealed effective January 4, 2024, so material citing them is out of date.Source: Fla. Admin. Code ch. 69O-151 — 69O-151.007, Duties of Replacing Insurers
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
- An agent proposes funding a new policy from an existing policy's values, with no clear gain for the client. Which two Florida authorities bear on this?
- An annuity is issued to a Florida consumer aged 68 who later withdraws funds. What limit applies to the surrender or deferred sales charge?
- An annuity marketed to Florida consumers aged 65 and over carries a fifteen percent surrender charge. What is the difficulty?
- An employee is dismissed and the employer removes the employee from the Florida group plan the same day. What right survives?
- An employee leaves a Florida group plan that also covered a spouse and children. What happens to the dependants' coverage?
- An employee whose health has declined converts group life coverage within the statutory window. What may the insurer require?
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