Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
An employer's group life plan covers employees and wishes to add their spouses and children. Which sections are engaged?
Answer and explanation
Answer: D. Section 627.552 establishes the employee group itself, while section 627.5575 governs group life insurance for dependants. Adding dependants engages both rather than replacing one with the other, and section 627.553 concerns debtor groups, which has nothing to do with dependants.Source: Fla. Admin. Code ch. 69O-151 — 627.552 compared with 627.5575
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