Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
An employee leaves a Florida group plan that also covered a spouse and children. What happens to the dependants' coverage?
Answer and explanation
Answer: D. Section 627.5575 governs group life insurance for dependants and section 627.566 supplies the conversion right when eligibility terminates, so the outcome turns on the dependent terms of the plan read with the conversion provisions. There is no automatic free continuation, no statutory transfer to another employer's plan, and no rule that all rights simply cease.Source: Fla. Stat. §§ 627.551-627.5575 — 627.5575 read with 627.566
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
- Which Florida life contracts fall within the secondary addressee lapse notice requirement?
- Which Florida section carries the Standard Nonforfeiture Law for life insurance?
- Which Florida section is devoted to group life insurance for dependants?
- Which Florida section states that group contracts and plans of self-insurance must meet the group requirements?
- Which items does Florida require an agent's pre-surrender disclosure to address?
- Which of these is among the exceptions section 732.703 lists to the voiding of a former spouse's interest?
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.