Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
After a Florida divorce, the decedent signed a new designation expressly naming the former spouse. What is the effect?
Answer and explanation
Answer: A. Section 732.703 lists among its exceptions a governing instrument signed by the decedent after the dissolution that expressly provides benefits to the former spouse. Remarriage is a separate exception, and no court approval is required for a post-dissolution designation to take effect.Source: Fla. Stat. § 732.703 — 732.703, Designation signed after the dissolution
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