Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
What triggers the twenty-day payment clock in section 627.4265?
Answer and explanation
Answer: C. Section 627.4265 requires the insurer to tender payment according to the terms of the agreement no later than 20 days after such settlement is reached, so the clock starts at the settlement rather than at reporting, at the close of investigation, or at proof of loss.Source: Fla. Stat. § 627.4265 — 627.4265, Written settlement
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
- For how long must executed Policy Disclosure Forms be maintained under the Florida replacement rule?
- Group life proceeds are payable to a named beneficiary of a Florida insured who died owing debts. How does the creditor exemption apply?
- How does the exception for nonpayment of premium work under Florida's incontestability provisions?
- On converting Florida group life coverage, which class of risk determines the individual policy's premium?
- On converting group life coverage in Florida, what premium and policy form apply to the individual contract?
- The current Florida replacement rule implements which two provisions most directly relevant to a life agent?
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.