Exams / Florida Life Insurance License / Fla. Stat. §627.480
Fla. Stat. §627.480 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on 4 exams including the Florida Life Insurance License.
The text
627.480 Cash payments of single-premium life policies. — Premiums for single-premium life insurance policies shall be paid in cash. This section is not applicable to the use of dividends to purchase paid-up additional insurance or to such other usual and customary methods of paying for life insurance as may be permitted by rule of the commission.
Public record. Read the full, current section at the official source: www.leg.state.fl.us
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Fla. Stat. §627.480, premiums for single-premium life insurance policies must be paid in which manner?
drill Florida Statutes, Rules and Regulations Pertinent to Life and Annuity → - Under Florida law, premiums for single-premium life insurance policies must be paid in which form?
drill Florida Statutes, Rules and Regulations Pertinent to Life and Annuity →