The Annuity Suitability Questionnaire is required with every application completed in Florida. Although the consumer may choose to opt-out of certain suitability questions on the Florida form, the agent is required to complete the three questions on page 3 of the form.
The Disclosure & Comparison of Annuity Contracts is required to be completed in its entirety in situations of annuity contract replacement.
Extended Free-Look Period
Along with the form changes, Florida has extended the free-look period for all annuity contracts. All contracts issued 10/1/2013 and after will have a 21-day free-look period.