Fla. Stat. § 627.4605

Current through the 2024 Legislative Session

Section 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.

Fla. Stat. § 627.4605

s.2, ch. 2010-61; s.45, ch. 2011-4.