2016 Florida Statutes
TITLE XXXVII - INSURANCE
Chapter 627 - INSURANCE RATES AND CONTRACTS
Part III - LIFE INSURANCE AND ANNUITY CONTRACTS (ss. 627.451-627.482)
627.4605 - Replacement notice.
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.
History.—s. 2, ch. 2010-61; s. 45, ch. 2011-4.
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