State RegulationsFL specificDifficulty 1/5
Under Florida law, when must the Buyer's Guide be delivered to an applicant for a Medicare supplement policy that is not direct-response business?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under Fla. Stat. 627.674(4)(f)3, for Medicare supplement policies the Buyer's Guide must be delivered to the applicant at the time of application, unless the policy is direct-response business, which follows a different delivery rule. Delivery at application lets the consumer compare available Medicare supplement coverage before committing to a purchase. Later delivery, or delivery only on request, would defeat the disclosure purpose of the rule.
Why the other options are wrong
- A) Waiting 30 days after policy delivery is too late; the guide must be delivered no later than the time of application.
- C) The rule is tied to the time of application, not to a period after the first premium is paid.
- D) The applicant does not have to request the guide in writing; delivery is automatic at application.
Memory hook
Guide goes with the application, not the policy.