State RegulationsFL specificDifficulty 2/5
In a Florida replacement transaction, the prospective insured asks the replacing insurer for the Comparative Information Form. When must the insurer mail it?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under F.A.C. 69B-151.007, in a replacement the replacing insurer must mail the Comparative Information Form (Form OIR-B2-313) within 5 working days of receiving the application and the signed notice, or by the policy issue date, whichever is earlier. The replacing insurer must also immediately forward the Form OIR-B2-312 copy to the existing insurer, whose own 10-day response duty arises under F.A.C. 69B-151.008.
Why the other options are wrong
- B) The 10-day deadline belongs to the existing insurer's duty to provide the B2-313 information, counted from receiving the B2-312.
- C) No 30-day window applies to mailing the comparative form in a replacement.
- D) The replacing insurer's deadline runs from its own receipt of the application and notice, not from the existing insurer's cooperation.
Memory hook
Five working days - or the issue date - whichever comes first.