Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
Which Florida section states that group contracts and plans of self-insurance must meet the group requirements?
Answer and explanation
Answer: A. Section 627.551 provides that group contracts and plans of self-insurance must meet group requirements, opening Part V. Section 627.558 states the provisions required in group contracts, section 627.559 supplies the grace period, and section 627.566 supplies the conversion right on termination of eligibility.Source: Fla. Stat. §§ 627.552-627.5575 — 627.551, Group requirements
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
- A Florida life policy purports to give the insurer sixty days to pay an agreed settlement. What is the effect?
- A Florida policy has lapsed and the owner wants either to restore it or to take the values available. Which sections govern each course?
- A Florida policy names a beneficiary, but a valid assignment directs proceeds elsewhere. How does the creditor exemption in section 222.13 apply?
- A Florida policy names the insured's own estate as beneficiary, and the insured dies with unpaid debts. How does the creditor exemption apply?
- A Florida policyowner asks which sections govern taking a policy loan and restoring a lapsed policy.
- A Florida policyowner pays a premium late but within the grace period. What may the insurer charge on the overdue amount?
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.