Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
A trust established by several employers, and a professional association, each seek group life coverage in Florida. How are they treated?
Answer and explanation
Answer: B. Section 627.555 provides for trustee groups and section 627.5567 provides for association groups, so both are recognised statutory categories. A single common employer is required only for employee groups under section 627.552, and labor union groups under section 627.554 are a distinct category from associations.Source: Fla. Stat. §§ 627.552-627.5575 — 627.555 and 627.5567, Trustee and association groups
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
- An agent proposes funding a new policy from an existing policy's values, with no clear gain for the client. Which two Florida authorities bear on this?
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- An employee is dismissed and the employer removes the employee from the Florida group plan the same day. What right survives?
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