Free look periods on the Florida 2-15
Four different free-look periods appear on this exam and they are not the same length. Candidates lose points here constantly, because national study guides quote the ten days used in other states rather than Florida's numbers.
| Life insurance | 14 days (s. 626.99(4)(a), F.S.) |
| Annuity | 21 days (s. 626.99(4)(b), F.S.) — and the refund differs for fixed vs variable |
| Medicare supplement | 30 days |
| Individual health | 10 days |
Where the point is lost: The annuity refund is the detail most people miss: a fixed annuity refunds all premiums paid plus contract fees, while a variable or market-value-adjusted contract refunds the cash surrender value plus fees deducted.
Free look periods on the Florida 2-15
7 questions on free look periods, each with an explanation and statute citation.
7 questions
Pass line: 70%, same as the real exam