Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
Which circumstance keeps a former spouse's beneficiary designation effective under section 732.703?
Answer and explanation
Answer: B. Section 732.703 lists nine exceptions to the voiding rule, and among them is an order in the dissolution requiring the decedent to maintain the asset for the benefit of a former spouse or children. Others include a designation signed after the dissolution, an irrevocable designation, controlling federal law, another state's governing law, and remarriage to that person. Spoken intentions, premium payments, and elapsed time are not exceptions.Source: Fla. Stat. § 732.703 — 732.703, Exceptions
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