Rule 120-2-94-.01 Purpose
Rule 120-2-94-.02 ScopeThis regulation shall apply to any recommendation to purchase, exchange or replace an annuity made to a consumer by an insurance producer, or an insurer where no producer is involved, that results in the purchase, exchange or replacement recommended. Show
Rule 120-2-94-.03 AuthorityThis regulation is issued under the authority of O.C.G.A. Sections 33-2-9, 33-6-4 and 33-6-12. Rule 120-2-94-.04 ExemptionsUnless otherwise specifically included, this regulation shall not apply to transactions involving:
Rule 120-2-94-.05 Definitions
Rule 120-2-94-.06 Duties of Insurers and of Insurance Producers
Rule 120-2-94-.07 Insurance Producer Training
Rule 120-2-94-.08 Compliance Mitigation; Penalties
Rule 120-2-94-.09 Recordkeeping
Rule 120-2-94-.10 Effective DateThe amendments to this regulation shall take effect six (6) months after the date the regulation is adopted or on March 1, 2016, whichever is later. Which of the following does not apply to the Florida replacement rule?Which of the following situations does NOT apply to the Florida Replacement Rule? Florida's Replacement Rule applies to all of these situations EXCEPT "An existing policyholder purchases an additional policy from the same insurer".
Which of the following is not allowed in a credit life insurance?life
What is a requirement for any change in an insurance application?Which of the following is a requirement for ANY change in an insurance application? Change must be initialed by the agent. Change must be initialed by the applicant. Change must be approved by the insurer. Change must be notorized.
Which of these provisions is not required in a life insurance policy?Which of these provisions is NOT required in life insurance policies? Extended Term. All of these provisions must be included in life insurance policies EXCEPT Extended Term.
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