Florida Statutes, Rules, and Regulations Common to All Lines
Which fact distinguishes sliding under 626.9541(1)(z) from churning under 626.9541(1)(aa)?
Answer and explanation
Answer: A. Section 626.9541(1)(z) turns on charging an applicant for a specific ancillary coverage without informed consent, while 626.9541(1)(aa) turns on using values in an existing policy to purchase another policy without an objectively reasonable basis for believing it benefits the policyholder. Neither provision is confined to one product line, neither depends on how many insurers are involved, and reserves are not an element of either.Source: Fla. Stat. § 626.9541 — (1)(z) compared with (1)(aa)
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