Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
A Florida group life plan wishes to extend coverage to members' dependents. Which section governs that?
Answer and explanation
Answer: D. Section 627.5575 is titled group life insurance for dependents and governs extending group coverage to dependents. Section 627.552 defines employee groups, section 627.555 defines trustee groups, and section 627.566 provides the conversion right when eligibility ends.Source: Fla. Stat. §§ 627.552-627.5567 — 627.5575, Group life insurance for dependents
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
- An employee leaves a Florida group plan that also covered a spouse and children. What happens to the dependants' coverage?
- An employee whose health has declined converts group life coverage within the statutory window. What may the insurer require?
- An employer's group life contract omits several provisions Florida requires. Which sections are engaged?
- An employer's group life plan covers employees and wishes to add their spouses and children. Which sections are engaged?
- An insured aged 68 misses a Florida individual life premium. In what order do the grace period and the lapse notice operate?
- An insured aged 70 misses a premium and the grace period expires. Before the policy may lapse, what must the insurer do under section 627.4555?
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