627.4605 Replacement notice.—A notice to a current insurer of a replacement of a current life insurance policy is not required in a transaction involving:
(1) An application to the current insurer that issued the current policy or contract when a contractual change or conversion privilege is being exercised;
(2) A current policy or contract that is being replaced by the same insurer pursuant to a program filed with and approved by the office; or
(3) A term conversion privilege that is being exercised among corporate affiliates.
History.—s. 2, ch. 2010-61; s. 45, ch. 2011-4.
Section: Previous 627.4556 627.456 627.457 627.458 627.4585 627.459 627.460 627.4605 627.461 627.4615 627.462 627.463 627.464 627.465 627.466 NextLast modified: September 23, 2016