State statute · Florida
Recommendations to surrender; annuity suitability
Florida Statutes s. 627.4553
Edition and licensing notes
Publisher. Florida Legislature (flsenate.gov)
Status. Florida Statutes, public domain (state government work).
What this document is
Florida Statutes s. 627.4553 - Recommendations to surrender; annuity suitability 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 practice questions. This page summarizes it and points to the official version, which is the text to rely on.
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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. § 627.4553 (Recommendations to Surrender)
“If an insurance agent recommends the surrender of an annuity or life insurance policy containing a cash value and does not recommend that the proceeds from the surrender be used to fund or purchase another annuity or life insurance policy, before execution of the surrender, the insurance agent...”
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More Florida sources
- Florida Administrative Code, Division 69O: chs. 69O-123 (Civil Remedy), 69O-124 (Anti-Coercion), 69O-125 (Unfair Discrimination), 69O-142 (Insurer Conduct), 69O-153 (Deceptive Insurance Practices), 69O-189 (Workers' Compensation), 69O-196 (Premium Finance Companies), 69O-215 (Agents), 69O-220 (Adjusters), 69O-228 (Continuing Education), 69O-230 (General Ethics and Disclosure Requirements) and 69O-231 (Penalty Guidelines for Insurance Representatives) (98 rules, 69O-123.001-69O-231.160)Regulation
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