Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
Which of these is recognised in Florida's group life statutes as an eligible group?
Answer and explanation
Answer: B. Chapter 627, Part V recognises employee groups under section 627.552, debtor groups under 627.553, labor union groups under 627.554, trustee groups under 627.555, credit union groups under 627.556, additional groups under 627.5565, and association groups under 627.5567. A group brought together only to buy insurance, or assembled from an agent's client list, is not among the statutory categories.Source: Fla. Stat. §§ 627.552-627.5567 — 627.552-627.5567, Eligible groups
More florida statutes, rules, and regulations pertinent to life and annuity insurance, including variable products questions
- Which Florida life contracts fall within the secondary addressee lapse notice requirement?
- Which Florida section carries the Standard Nonforfeiture Law for life insurance?
- Which Florida section is devoted to group life insurance for dependants?
- Which Florida section states that group contracts and plans of self-insurance must meet the group requirements?
- Which items does Florida require an agent's pre-surrender disclosure to address?
- Which of these is among the exceptions section 732.703 lists to the voiding of a former spouse's interest?
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.