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State statute · Florida

Unfair methods of competition and unfair or deceptive acts or practices defined

Florida Statutes s. 626.9541

Publisher
Florida Legislature
Edition
Official Florida Statutes 2024, retrieved 2026-08-25
Last checked
2026-08-25
Status
Florida Statutes, public domain
Edition and licensing notes

Publisher. Florida Legislature (flsenate.gov)

Status. Florida Statutes, public domain (state government work).

Read the official textPractice questions from this source

What this document is

Florida Statutes s. 626.9541 - Unfair methods of competition and unfair or deceptive acts or practices defined is a state statute published by Florida Legislature (flsenate.gov). It is one of the Florida documents that insurance license exam questions are written from, including florida life & health, florida personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

  • Fla. Stat. § 626.9541 (Churning)
    “Churning is the practice whereby policy values in an existing life insurance policy or annuity contract, including, but not limited to, cash, loan values, or dividend values, and in any riders to that policy or contract, are directly or indirectly used to purchase another insurance policy or...”
  • Fla. Stat. § 626.9541 (Twisting)
    “Twisting. - Knowingly making any misleading representations or incomplete or fraudulent comparisons or fraudulent material omissions of or with respect to any insurance policies or insurers for the purpose of inducing, or tending to induce, any person to lapse, forfeit, surrender, terminate,...”
  • Fla. Stat. § 626.9541 (Unfair Claim Settlement Practices)
    “Committing or performing with such frequency as to indicate a general business practice any of the following: a. Failing to adopt and implement standards for the proper investigation of claims;”
  • Fla. Stat. § 626.9541 (Unfair Discrimination)
    “Knowingly making or permitting unfair discrimination between individuals of the same actuarially supportable class and equal expectation of life, in the rates charged for a life insurance or annuity contract, in the dividends or other benefits payable thereon, or in any other term or condition of such contract.”
  • Fla. Stat. § 626.9541 (Unlawful Rebates)
    “Paying, allowing, or giving, or offering to pay, allow, or give, directly or indirectly, as inducement to such insurance contract, any unlawful rebate of premiums payable on the contract, any special favor or advantage in the dividends or other benefits thereon, or any valuable consideration or...”
  • Fla. Stat. § 626.9541(1)(aa) (Churning)
    “Churning is the practice whereby policy values in an existing life insurance policy or annuity contract, including, but not limited to, cash, loan values, or dividend values, and in any riders to that policy or contract, are directly or indirectly used to purchase another insurance policy or...”
  • Fla. Stat. § 626.9541(1)(z) (Sliding)
    “Sliding is the act or practice of any of the following: 1. Representing to the applicant that a specific ancillary coverage or product is required by law in conjunction with the purchase of insurance when such coverage or product is not required.”
  • Fla. Stat. § 626.9541(1)(l) (Twisting)
    “Twisting. - Knowingly making any misleading representations or incomplete or fraudulent comparisons or fraudulent material omissions of or with respect to any insurance policies or insurers for the purpose of inducing, or tending to induce, any person to lapse, forfeit, surrender, terminate,...”
  • Fla. Stat. § 626.9541(1)(ff) (Unlawful Use of Designations)
    “(ff) Unlawful use of designations; misrepresentation of agent qualifications. - 1. A licensee may not, in any sales presentation or solicitation for insurance, use a designation or title in such a way as to falsely imply that the licensee: a. Possesses special financial knowledge or has obtained...”
  • Fla. Stat. § 626.9541(1)(n) (Free Insurance Prohibited)
    “(n) Free insurance prohibited. - 1. Advertising, offering, or providing free insurance as an inducement to the purchase or sale of real or personal property or of services directly or indirectly connected with such real or personal property. 2. For the purposes of this paragraph, “free” insurance...”
  • Fla. Stat. § 626.9541(1)(v) (Proposal Required)
    “(v) Proposal required. - If a person simultaneously holds a securities license and a life insurance license, he or she shall prepare and leave with each prospective buyer a written proposal, on or before delivery of any investment plan. “Investment plan” means a mutual funds program, and the...”
  • Fla. Stat. Sec. 626.9541(1)(z)5. (Sliding; Invoice to a Mortgagee or Escrow Agent)
    “5. Mailing, transmitting, or otherwise submitting by any means an invoice for premium payment to a mortgagee or escrow agent, for the purpose of effectuating an insurance policy, without the prior informed consent of the owner of the property to be insured. However, this subparagraph does not apply...”

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Questions about this source

Florida Statutes s. 626.9541 - Unfair methods of competition and unfair or deceptive acts or practices defined is a state statute published by Florida Legislature (flsenate.gov). Edition: Official Florida Statutes 2024, retrieved 2026-08-25.

No. This page summarizes the document and links to the official version. Always rely on the text published by Florida Legislature (flsenate.gov) for the current law.

Practice questions for Florida Life & Health, Florida Personal Lines cite this document.

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