Exams / Florida Life Insurance License / Fla. Stat. §627.568
Fla. Stat. §627.568 — 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
627.568 Death pending conversion. — A group life insurance policy shall provide that, if a person insured under the policy dies during the period within which she or he would have been entitled to have an individual policy issued in accordance with s. 627.566 or s. 627.567 and before such an individual policy has become effective, the amount of life insurance which she or he would have been entitled to have issued under the individual policy shall be payable as a claim under the group policy, whether or not application for the individual policy or the payment of the first premium therefor has been made.
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.
- A person insured under a group life insurance policy dies during the conversion period but before the individual policy has become effective. Under Fla. Stat. §627.568, how is the death benefit treated?
drill Florida Statutes, Rules and Regulations Pertinent to Life and Annuity → - A person insured under a group life policy dies during the conversion period but before an individual policy becomes effective. Under Fla. Stat. §627.568, the amount of life insurance payable is treated as a claim under which policy?
drill Florida Statutes, Rules and Regulations Pertinent to Life and Annuity →