“Paid family leave insurance” defined; paid family leave insurance issuance and purchase.

(1) As used in this section, the term “paid family leave insurance” means insurance issued to an employer which is related to a benefit program provided to an employee to pay for a percentage or portion of the employee’s income loss due to:

(a) The birth of a child or the adoption of a child by the employee;

(b) Placement of a child with the employee for foster care;

(c) Care of the employee’s family member who has a serious health condition; or

(d) Circumstances arising out of the fact that the employee’s family member who is a servicemember is on active duty or has been notified of an impending call or order to active duty.

As used in this subsection, the terms “child,” “family leave,” and “family member” have the same meanings as in s. 627.445(1).

(2) Paid family leave insurance may be issued to and purchased by an employer as an amendment or a rider to a group disability income policy, included in a group disability income policy, or issued as a separate group insurance policy.