State RegulationsFL specificDifficulty 2/5
In a Florida replacement transaction, the applicant asks the replacing insurer for the Comparative Information Form. Under F.A.C. 69B-151.007, the replacing insurer must mail Form OIR-B2-313 to the applicant within:
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under F.A.C. 69B-151.007, the replacing insurer must, upon request, mail the Comparative Information Form (OIR-B2-313) to the applicant within 5 working days after receiving the application and the replacement notice, or by the policy issue date, whichever is earlier. The tight window ensures the applicant can compare the old and new policies before becoming committed to the replacement, and the insurer must also immediately forward the Form OIR-B2-312 copy to the existing insurer.
Why the other options are wrong
- A) The 10-day interval belongs to the existing insurer's duty to provide the form after receiving the B2-312, not the replacing insurer's mail-out deadline.
- B) A 30-day post-delivery window would defeat the purpose of letting the applicant compare policies before the transaction is finalized.
- D) Premium payment is not the trigger; the clock runs from receipt of the application and notice or the issue date, whichever comes first.
Memory hook
Replacing insurer mails the comparison: 5 working days, earlier of app or issue.