PassSprint

One rule, 2 ways the exam asks it. Same knowledge point, different phrasing — work through all of them, because the exam rarely reuses the wording.

State RegulationsFL specificDifficulty 1/5

In a Florida replacement transaction, within what time must the replacing insurer mail the Comparative Information Form (OIR-B2-313) after receiving the request, the application, and the replacement notice?

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 D is correct

Under F.A.C. 69B-151.007, on request the replacing insurer must mail the Comparative Information Form OIR-B2-313 within 5 working days after receiving the application and the replacement notice, or by the policy issue date, whichever is earlier. The form gives the applicant side-by-side information comparing the old and new policies, and the DFS checks these timelines during market-conduct examinations.

Why the other options are wrong

  • A) Ten days is the window the existing insurer has to furnish the comparative information it is asked for, not the replacing insurer's deadline.
  • B) Thirty days plays no role in the replacing insurer's comparative-information deadline.
  • C) 'Immediately' describes the duty to forward the signed B2-312 to the existing insurer; the B2-313 gets 5 working days.

Memory hook

Replacing insurer: 5 working days for the comparison form.

State RegulationsFL specificDifficulty 3/5

The applicant in a Florida replacement transaction requests the Comparative Information Form, and the policy has not yet been issued. Under F.A.C. 69B-151.007, when must the replacing insurer mail Form OIR-B2-313?

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 C is correct

Under F.A.C. 69B-151.007, when the applicant requests it, the replacing insurer must mail the Comparative Information Form OIR-B2-313 within 5 working days of receiving the application plus the replacement notice, or of the policy's issue date, whichever is earlier. The whichever-is-earlier trigger prevents the insurer from delaying the comparison past the point where the consumer can still act on it.

Why the other options are wrong

  • A) Ten days is the existing insurer's deadline under F.A.C. 69B-151.008 for providing the B2-313 valued on the current policy year.
  • B) The rule sets a 5-working-day standard keyed to the application or issue date, not an immediate-mailing duty.
  • D) Three years is the minimum record-retention period for the transaction, not a mailing deadline.

Memory hook

B2-313: five working days from the earlier of application or issue.

Keep studying

Related Practice Questions

Your study shortcut

Install PassSprint

Add PassSprint to your Home Screen and open it like an app whenever you're ready to practice.

  1. Open this website in Chrome.
  2. Tap the three-dot menu (⋮) at the top right.
  3. Choose Install app or Add to Home screen → Install, then confirm.

Once added, tap the PassSprint icon on your Home Screen to get started.

Can't find the install option?

If you opened this link inside another app, copy it and open it in Chrome. Menu names can vary by browser.