Fla. Stat. §626.99 — what it says, and how the exam tests it

626.99 Life insurance solicitation. — (1) PURPOSE. — The purpose of this section is to require insurers to deliver to purchasers of life insurance information which will improve the buyer’s ability to select the most appropriate plan of life insurance for his or her needs, improve the buyer’s understanding of the basic features of the policy which has been purchased or which is under consideration, and improve the ability of the buyer to evaluate the relative costs of similar plans of life insurance. This section does not prohibit an insurer from using additional material which is not in violation of this chapter or any other statute or regulation. (2) SCOPE; EXEMPTIONS. — (a) Except as hereafter exempted, this section shall apply to any solicitation, negotiation, or procurement of life insurance occurring within this state. This section shall apply to any issuer of life insurance contracts, including a fraternal benefit society. (b) Unless they are otherwise specifically included, this section shall not apply to: 1. Annuities. 2. Credit life insurance. 3. Group life insurance. 4. Life insurance policies issued in connection with pension and welfare plans as defined by and which are subject to the federal Employee Retirement Income Security Act of 1974 (ERISA). 5. Variable life insurance under which the death benefits and cash values vary in accordance with unit values of investments held in a separate account.