Florida Statutes, Rules, and Regulations Common to All Lines
An insurer holds funds on a policy whose insured cannot be traced. Which circumstance can cause the policy to be treated as matured under section 717.107?
Answer and explanation
Answer: A. Section 717.107 treats a policy as matured where, among other circumstances, the insured has attained, or would have attained if living, the limiting age under the mortality table on which the reserve is based. Failed contact, cash value growth, and unpaid premium are not the maturity triggers this section names.Source: Fla. Stat. § 717.107 — 717.107, Limiting age
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