State RegulationsFL specificDifficulty 3/5
In which situation is a Florida agent NOT required to give a notice of replacement?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under Fla. Stat. 627.4605, three situations are exempt from the replacement notice requirement: (1) exercising a contractual right in the existing contract with the same insurer, (2) a replacement under a plan filed with and approved by the same insurer, and (3) a conversion privilege between affiliated insurers' policies. Exercising a right inside the same insurer's contract is the classic exemption; the other scenarios are ordinary replacements that trigger the notice.
Why the other options are wrong
- A) Moving coverage to a different insurer is the paradigm replacement and always triggers the notice.
- B) The conversion exemption applies only between AFFILIATED insurers' policies; unaffiliated conversions do not qualify.
- D) Selling new coverage to someone with existing similar coverage is a replacement on its face and requires the notice.
Memory hook
Same insurer, same contract, same plan - no notice needed.