Final answer:
The FL replacement rule does not apply to replacing an existing policy with a new one from the same insurer. Correct option is a.
Step-by-step explanation:
The FL replacement rule refers to the process of replacing an existing insurance policy with a new one. It is a rule that applies to various types of insurance policies, including life insurance policies, annuities, and other policies that can be replaced via a 1035 exchange.
Therefore, the situation that does NOT apply to the FL replacement rule is a) Replacing an existing policy with a new one from the same insurer. This is because the rule specifically involves replacing a policy from one insurer with a policy from a different insurer.