Question

According to Florida law, when must an agent deliver the Outline of Coverage to a Medicare Supplement applicant? a) At the time of application b) At the time of policy delivery c) Within 14 days of the time of application d) Within 14 days of policy delivery

Answer 1

According to Florida law, an agent must deliver the Outline of Coverage to a Medicare Supplement applicant at the time of application. Hence the correct answer is A.

Step-by-step explanation:

In Florida, as in many other states, insurance regulations require that an agent provides the Outline of Coverage to a Medicare Supplement applicant at the time of application. The Outline of Coverage is a document that outlines the details of the Medicare Supplement insurance plan being offered, including coverage, benefits, exclusions, and other important information. Delivering this document at the time of application ensures that the applicant has access to key information about the insurance plan, enabling them to make informed decisions about their coverage. This practice aligns with consumer protection measures and transparency requirements in the insurance industry, allowing individuals to understand the terms and conditions of the Medicare Supplement plan they are considering. Hence the correct answer is A.