Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
A Florida group life policy terminates, and a covered person dies during the period allowed to convert but before applying. Which sections address that sequence?
Answer and explanation
Answer: B. Section 627.567 covers conversion on termination of the policy and section 627.568 addresses death pending conversion, which is the situation described. Section 627.566 covers conversion on termination of an individual's eligibility rather than of the policy, section 627.559 concerns premium grace, and section 627.560 concerns contesting the contract.Source: Fla. Stat. § 627.566 — 627.567 and 627.568, Termination and death pending conversion
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