Florida Statutes Part V - Group Life Insurance Policies (Ss. 627.551-627.575)
- 627.551 - Group Contracts And Plans Of Self-insurance Must Meet Group Requirements.
(1)(a) A life insurance policy insuring the lives of more than one individual may be delivered or issued for delivery in this state only if the...
- 627.5515 - Out-of-state Groups.
(1) Any group life insurance policy issued or delivered outside this state under which a resident of this state is provided coverage shall comply with the...
- 627.552 - Employee Groups.
Subject to all of the requirements of this section, the lives of a group of individual employees of an employer may be insured, for the...
- 627.553 - Debtor Groups.
The lives of a group of individuals may be insured under a policy issued to a creditor or its parent holding company, or to a...
- 627.554 - Labor Union Groups.
Subject to all of the requirements of this section, the lives of a group of individual labor union members or labor union members and their...
- 627.555 - Trustee Groups.
Subject to all of the requirements of this section, the lives of a group of individual employees of employers or members of labor unions may...
- 627.556 - Credit Union Groups.
The lives of a group of individual credit union members may be insured under a policy issued to the credit union, which is deemed to...
- 627.5565 - Additional Groups.
(1) An insurer may afford coverage under a group policy issued under this subsection if all of the following conditions are satisfied:(a) The issuance of the group...
- 627.5567 - Group Life Insurance; Association Groups.
Subject to all of the requirements of this section, the lives of a group of individual members of an association or members and their employees...
- 627.5575 - Group Life Insurance For Dependents.
Except for a policy issued under s. 627.553, a group life insurance policy may be extended to insure the employees or members against loss due...
- 627.558 - Provisions Required In Group Contracts.
No policy of group life insurance shall be delivered in this state unless it contains in substance the provisions set forth in ss. 627.559-627.568 or...
- 627.559 - Grace Period.
A group life insurance policy shall provide that the policyholder is entitled to a grace period of 31 days for the payment of any premium...
- 627.560 - Incontestability.
A group life insurance policy shall provide that the validity of the policy shall not be contested, except for nonpayment of premium, after it has...
- 627.561 - Application; Statements Deemed Representations.
A group life insurance policy shall provide that a copy of the application, if any, of the policyholder be attached to the policy when issued,...
- 627.562 - Insurability.
A group life insurance policy shall contain a provision setting forth the conditions, if any, under which the insurer reserves the right to require a...
- 627.563 - Misstatement Of Age.
A group life insurance policy shall contain a provision specifying an equitable adjustment of premiums or of benefits, or of both, to be made in...
- 627.564 - Payment Of Benefits.
A group life insurance policy shall provide that any sum becoming due by reason of the death of the person insured be payable to the...
- 627.565 - Certificate.
A group life insurance policy shall provide that the insurer will issue to the policyholder for delivery to each person insured an individual certificate containing...
- 627.566 - Conversion On Termination Of Eligibility.
A group life insurance policy shall provide that, if the insurance, or any portion of it, on a person covered under the policy or on...
- 627.567 - Conversion On Termination Of Policy.
A group life insurance policy shall provide that, if the group policy terminates or is amended so as to terminate the insurance of any class...
- 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...
- 627.5685 - Continuance Of Coverage During Disability.
When active employment is a condition of group life insurance, the policy shall provide that an insured may continue coverage during the insured’s total disability...
- 627.5686 - Waiver Of Premium For Disabled Insured.
A waiver of premium for any insured who is totally disabled for a period of at least 6 months shall be made available to the...
- 627.569 - Use Of Dividends, Refunds, Rate Reductions, Commissions, Service Fees.
If a dividend, premium refund, rate reduction, commission, or service fee is received by any employer, labor union, or association, under any and all group...
- 627.570 - Premium Rates.
A life insurer may issue insurance policies under the provisions of this part at premium rates less than the usual rates or premiums for individual...
- 627.571 - Assignment Of Incidents Of Ownership In Group Life Insurance Policies, Including Conversion Privileges.
(1) Nothing in this code or in any other law shall be construed to prohibit any person insured under a group life insurance policy from making...
- 627.5725 - Notification To Insureds Of Cancellation Or Expiration.
Every insurer delivering or issuing for delivery a group life insurance policy under the provisions of this part shall notify each certificateholder when the master...
- 627.573 - Replacement Or Termination Of Group Life Insurance; Liability Of Prior Insurer.
When an insurance purchaser replaces or terminates an existing group life contract, the prior insurer remains liable only to the extent of its accrued liabilities...
- 627.574 - Liability Of Succeeding Insurer On Replacement Of Group Policy.
(1) Each person who is eligible for coverage in accordance with the succeeding insurer’s plan of benefits shall be covered by that insurer’s plan of benefits...
- 627.575 - Extension Of Benefits.
(1) Every group life policy which is delivered or issued for delivery in this state or under which benefits are altered, modified, or amended shall provide...
Last modified: September 23, 2016