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2002 Florida Code
TITLE XXXVII INSURANCE
Chapter 627 INSURANCE RATES AND CONTRACTS  
PART IV INDUSTRIAL LIFE INSURANCE POLICIES (ss. 627.501-627.522)
627.502   "Industrial life insurance" defined; reporting.

627.502  "Industrial life insurance" defined; reporting.--

(1)  For the purposes of this code, "industrial life insurance" is that form of life insurance written under policies under which premiums are payable monthly or more often, bearing the words "industrial policy" or "weekly premium policy" or words of similar import imprinted upon the policies as part of the descriptive matter, and issued by an insurer which, as to such industrial life insurance, is operating under a system of collecting a debit by its agent.

(2)  Every life insurer transacting industrial life insurance shall report to the department all annual statement data regarding the exhibit of life insurance, including relevant information for industrial life insurance.

History.--s. 508, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 405, 420, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318.

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