Florida Statutes 627.804 – Investment of assets
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Florida Statutes 627.804
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
An insurer which issues contracts providing for benefits, values, or premiums that vary directly according to investment experience and which has established a separate account or accounts in connection with such contracts may invest and reinvest the assets held in the separate account or accounts without regard to any state requirements or limitations governing the investments of life insurance companies. The investments in the separate account or accounts shall not be considered in applying the investment limitations otherwise applicable to the investments of the company.