Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
An employee whose health has declined converts group life coverage within the statutory window. What may the insurer require?
Answer and explanation
Answer: A. Section 627.566 provides that the individual policy is issued without evidence of insurability, which is what makes the conversion right valuable to someone whose health has worsened. The section admits no medical examination, physician statement, or insurability test tied to the amount converted.Source: Fla. Stat. § 627.566 — 627.566, Evidence of insurability
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
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