Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
Whose annuity contracts does the Florida creditor exemption in section 222.14 protect?
Answer and explanation
Answer: B. Section 222.14 covers the proceeds of annuity contracts issued to citizens or residents of the state, in whatever form. The test turns on the contract holder's citizenship or residency, not on where the insurer is domiciled, where the agent is appointed, or where the form was approved.Source: Fla. Stat. § 222.14 — 222.14, Annuity proceeds
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