State RegulationsFL specificDifficulty 1/5
Who prepares the Policy Summary for a Florida life insurance sale?
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. 626.99(4)(a), the Policy Summary is prepared by the insurer as part of the required disclosure package, summarizing the policy's principal features. The agent delivers the documents to the applicant but does not author the summary; the DFS does not prepare summaries for individual sales; and the beneficiary has no role in producing it. If a discrepancy appears, the agent should go back to the insurer for a corrected summary rather than improvising one.
Why the other options are wrong
- A) The agent delivers the disclosure documents but does not create the Policy Summary.
- C) The DFS regulates and audits disclosures; it does not draft each policy summary.
- D) The beneficiary has nothing to do with preparing the sales disclosure documents.
Memory hook
The insurer writes the summary; the agent just delivers it.