Florida Statutes 627.568 – Death pending conversion
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Florida Statutes 627.568
- group life insurance policy: include plans of self-insurance providing death benefits. See Florida Statutes 627.551
- insurance: include the death benefits provided under a plan of self-insurance. See Florida Statutes 627.551
- person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 1.01
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.