Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
A Florida employee's eligibility under a group life policy ends. How long is there to apply for an individual policy and pay the first premium?
Answer and explanation
Answer: C. Section 627.566 gives the person 31 days after termination of eligibility to apply for the individual policy and pay the first premium. That figure is distinct from Florida's 30-day grace period for premiums under section 627.453, and the other periods do not appear in this section.Source: Fla. Stat. § 627.566 — 627.566, Time to apply
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
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