State RegulationsFL specificDifficulty 1/5
Under Florida law, what is the maximum value of an advertising gift that an agent may give to one insured or prospective insured per calendar year?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under Fla. Stat. 626.9541(1)(m), advertising gifts to an insured or prospective insured are exempt from the rebate prohibitions only if their value does not exceed $100 per calendar year. This nominal-value allowance lets agents engage in ordinary promotional courtesy without crossing into rebating, which remains an unfair trade practice. The Office of Insurance Regulation and the Department of Financial Services police the line between a permitted advertising gift and an illegal inducement.
Why the other options are wrong
- B) $25 is the advertising gift limit that applies to title insurance, not the general figure for health and life marketing.
- C) $250 is not an advertising gift limit; the exemption is capped at $100 per insured or prospective insured per calendar year.
- D) There is a limit: gifts exceeding the statutory maximum become prohibited rebates regardless of their form.
Memory hook
A hundred a year keeps the rebate cops away.