policy replacement

Which Of The Following Situations Does Not Apply To The Florida Replacement Rule?

by

Which Of The Following Situations Does Not Apply To The Florida Replacement Rule? Mutual company is owned by its policyholders. 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“. What

What Does The Free Look Provision Gives The Policyowner?

by

What Does The Free Look Provision Gives The Policyowner? The free look period is a required period of time, typically 10 days or more, in which a new life insurance policy owner can terminate the policy without penalties, such as surrender charges. What happens if a policyowner exercises the free look? A policyowner exercise his/her