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Florida Administrative Code (Last Updated: April 18, 2024) |
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69. Department of Financial Services |
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69B. Division of Insurance Agent and Agency Services |
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69B-151. Requirements For Replacement Of Life And Health Coverage |
1Where replacement is or may be involved, the agent shall:
11(1) Present to the applicant, not later than at the time of taking the application, a Form OIR-B2-312 “Notice to Applicant Regarding Replacement of Life Insurance” rev. 1-91 as described in Exhibit A adopted in Rule 4769B-151.010, 48F.A.C. The Notice must be signed by the applicant and the agent and left with the applicant.
65(2) Leave with the applicant the original or a copy of all Sales Proposals used for presentation to the applicant.
85(3) Submit to the replacing insurer with the application, a completed copy of the Form OIR-B2-312 “Notice to Applicant Regarding Replacement of Life Insurance” rev. 1-91 (Exhibit A), adopted in Rule 11669B-151.010, 117F.A.C., and a copy of all Sales Proposals used for presentation to the applicant.
131Rulemaking Authority 133624.308, 134626.9611, 135626.9641 FS. 137Law Implemented 139624.307(1), 140626.9521, 141626.9541, 142626.9641 FS. 144History–New 7-9-81, Formerly 4-24.04, Amended 2-2-83, Formerly 4-24.15, 4-24.015, 4-151.006, Amended 12-31-15.
