Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
A Florida insurer reaches a written settlement with a claimant. Within how many days must it tender payment?
Answer and explanation
Answer: B. Section 627.4265 requires the insurer to tender payment according to the terms of the agreement no later than 20 days after the settlement is reached. That period is distinct from the 30-day grace period for premiums under section 627.453 and from the 31-day group conversion window under section 627.566.Source: Fla. Stat. § 627.4265 — 627.4265, Time to tender payment
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
- 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?
- A Florida group certificate covers an employee and a dependent spouse. Which statement about contesting the spouse's coverage is accurate?
- A Florida group certificate holder assigns the death benefit to a lender. What two questions arise?
- A Florida group life plan wishes to extend coverage to members' dependents. Which section governs that?
- A Florida group life policy is terminated by the employer, and separately one employee leaves the firm. Which sections govern each conversion?
- 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?
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.