Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
A Florida policyowner asks which sections govern taking a policy loan and restoring a lapsed policy.
Answer and explanation
Answer: D. Section 627.458 governs the policy loan and section 627.459 governs reinstatement, both within Chapter 627, Part III. Section 627.453 is the grace period, section 627.455 is incontestability, section 627.456 covers misstatement of age or sex, and section 627.476 is the Standard Nonforfeiture Law.Source: Fla. Admin. Code ch. 69O-151 — 627.458 and 627.459, Loan and reinstatement
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
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