Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
Which statement about dependent coverage under a Florida group life plan is accurate?
Answer and explanation
Answer: C. Section 627.5575 governs group life insurance for dependants as a distinct subject, sitting alongside the eligible group sections. Coverage is not automatic on the employee's enrolment, does not recharacterise the group as a debtor group under section 627.553, and is not confined to trustee groups under section 627.555.Source: Fla. Stat. §§ 627.552-627.5575 — 627.5575 read with 627.552
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