A policy with Citizens may be replaced with a policy from an authorized insurer at any time during the policy period with a ________ day notice.

Prepare for the Florida 2-20 Insurance Agent License Exam. Leverage flashcards and multiple-choice questions with detailed explanations. Be exam-ready with confidence!

In Florida, when a policyholder has a policy with Citizens Property Insurance Corporation, they can replace that policy with one from an authorized insurer during the policy period. This replacement requires a 60-day notice. The provision for a 60-day notice period is designed to provide ample time for the policyholder to ensure the new coverage is in place and to complete the transition without a gap in coverage. This regulatory requirement reflects an effort to protect consumers and ensure they have sufficient time to manage their insurance needs effectively, especially in an ever-changing insurance market like Florida's.

Understanding this policy framework is crucial for insurance agents, as it informs them about important timeliness in transitions and helps them guide clients appropriately regarding their insurance options.

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