State RegulationsFL specificDifficulty 1/5
Under Florida law, what is the most an agent may spend on advertising gifts for any one insured or prospective insured in a calendar year?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under Fla. Stat. 626.9541(1)(m), advertising gifts and charitable donations are exempt from the rebate-and-inducement prohibitions only up to $100 per insured or prospective insured per calendar year (and, for charitable contributions, up to $100 per person per year). The $25 figure is the limit specific to title insurance. Exceeding the allowance turns a marketing courtesy into an unlawful inducement.
Why the other options are wrong
- A) $25 is the advertising gift limit for title insurance, not for life and health lines.
- C) $250 is the DFS penalty associated with uncertified continuing education, not the gift allowance.
- D) $12,500 is the ceiling on a nonwillful unfair trade practice penalty, far beyond any gift allowance.
Memory hook
A hundred dollars a year per person buys goodwill - not more.