Life Insurance
Product Review
Life insurance provides a death benefit for an individual's beneficiaries. It allows survivors to pay off debts and other expenses; it can also provide a source of income to replace that lost by the death of the insured. There are two primary types of life insurance: term, which provides insurance for a specified period of time at a lower cost; and permanent, which provides a certain amount of coverage at variable rates. There are other variations, including universal life, which builds cash value and is widely marketed by life insurance companies.
REPORTS
DISCLAIMER: Rules are usually promulgated by the Office as the result of legislation requiring them. This is not an exhaustive list of Rules related to this type of insurance.
69O-149: Life and Health Advertising Requirements
69O-150: Life and Health Advertising Requirements
69O-151: Requirements for Replacement of Life and Health Coverage
69O-163: Credit Life and Credit Disability Insurance
DISCLAIMER: The statutes on this page depict primary locations in Florida Law where information on this type of insurance can be found. It should be noted that these are not the only statutes related to this type of insurance.
Chapter 627; Part III: Life Insurance & Annuity Contracts (Sections 627.451-627.482)
Chapter 627; Part IV: Industrial Life Insurance Policies (Sections 627.501-627.522)
Chapter 627; Part V: Group Life Insurance Policies (Sections 627.551-627.575)
Chapter 627; Part IX: Credit Life & Disability Insurance (Sections 627.676-627.6845)
Chapter 627; Part XIV: Variable or Indeterminate Value Contracts