Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
Florida's secondary addressee protection against inadvertent lapse applies to a life policy covering a natural person of what age?
Answer and explanation
Answer: D. Section 627.4555 applies to life insurance contracts issued or delivered in Florida on or after October 1, 1997, covering a natural person 64 years of age or older. The other ages are common thresholds elsewhere in insurance and retirement law but are not the trigger this section sets.Source: Fla. Stat. § 627.4555 — 627.4555, Age threshold
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
- An insurer agrees a settlement in writing and then withholds payment for months without explanation. Which two Florida provisions bear on that?
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- At what age does Florida's senior annuity surrender charge protection begin to apply?
- Does Florida's statutory grace period apply to the very first premium on a life policy?
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- For how long must executed Policy Disclosure Forms be maintained under the Florida replacement rule?
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