Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
Which Florida life contracts fall within the secondary addressee lapse notice requirement?
Answer and explanation
Answer: A. Section 627.4555 applies to life insurance contracts issued or delivered for delivery in Florida on or after October 1, 1997, covering a natural person 64 years of age or older. The section is bounded by date and age rather than by distribution channel or face amount.Source: Fla. Stat. § 627.4555 — 627.4555, Policies covered
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