Life Insurance Florida Statutes, Rules, and Regulations Exam with 100% Correct Answers | Verified & Updated

Life Insurance Florida Statutes, Rules, and Regulations Exam with 100% Correct Answers | Verified & Updated Regulations - Answer ️️ -• Florida Life Insurance Solicitation Law • Florida Replacement Rule • Code of Ethics Florida Life Insurance Solicitation Law - Answer ️️ -Information and procedures for agents and insurers Florida Replacement Rule - Answer ️️ -Requirements and procedures for agents and insurers related to policy replacement Code of Ethics - Answer ️️ -Outline of business conduct for life insurance agents Disclosures - Answer ️️ -• Purpose: help buyers make educated decisions • Buyer's guide and policy summary must be provided prior to policy delivery • No misleading or inaccurate comparisons Advertising - Answer ️️ -• Must be accurate and complete • Insurer is responsible for all its advertisements • Prohibited practices: - false information and advertising - advertising gifts - advertising of free insurance Life Insurance Solicitation - Answer ️️ -Purpose: provide buyers with information that will improve their ability to select the most appropriate product • Must disclose the insurance company name • Agents cannot use terms such as financial planner, financial advisor, or financial consultant, et