How do I show a reissue credit?

The reissue credit is not a true credit; rather it is a less expensive promulgated rate which is applied to new policies when a qualifying prior policy has been provided (See Rule 69O-186.003, F.A.C.). Therefore, the premiums disclosed on the CD will already reflect the “reissue credit” though it will not be separately stated.

You are free to inform the client about the savings from the application of the reissue rate by showing the savings on a separate addendum or printout.