Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
A Florida decedent had named a former spouse irrevocably before the marriage ended. How does section 732.703 treat that?
Answer and explanation
Answer: C. Section 732.703 excepts from its voiding rule a designation of the former spouse that is irrevocable under applicable law, alongside exceptions for controlling federal law, a court-ordered obligation, a post-dissolution instrument, another state's governing law, and remarriage. Premium payment and partial funding are not part of the analysis.Source: Fla. Stat. § 732.703 — 732.703, Irrevocable designation exception
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
- What minimum grace period must a Florida life insurance contract allow for payment of a premium after the first?
- What practical consequence follows from naming a beneficiary other than the estate on a Florida life policy?
- What problem is Florida's secondary addressee requirement designed to address?
- What separates churning from twisting under Florida law?
- What triggers the twenty-day payment clock in section 627.4265?
- Where does Florida set out the provisions a group life contract is required to contain?
589 Florida questions like this one.
Every answer explained, the ones you miss come back on a spaced schedule, and a plan built from your exam date.