State RegulationsFL specificDifficulty 3/5
On what ground may the Office of Insurance Regulation disapprove a policy form that an insurer has filed?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under the Florida Insurance Code, the Office of Insurance Regulation's policy approval authority includes disapproving filed forms that are unjust, unfair, misleading, deceptive, or inconsistent with Florida law. Filing a form does not entitle an insurer to use it; OIR's review protects consumers from deficient or noncompliant contract language before policies are sold.
Why the other options are wrong
- A) The currency of the quotation is not a listed ground for disapproval; the standard is fairness, clarity, and legal compliance.
- C) Where a form is drafted carries no weight; OIR judges the content, not the drafter's location.
- D) There is no requirement to pre-sell a form to existing policyholders before it can be approved.
Memory hook
Forms fail OIR review only for what they say, not who wrote them.