§ 627.4556, Fla. Stat. · Part III. LIFE INSURANCE AND ANNUITY CONTRACTS
Life insurance automatic policy loan provision.
Verbatim from the official edition
Text — 2026 Florida Statutes
If an application for an individual life insurance policy provides an option to the applicant for an automatic policy loan against the cash value of the policy to pay the premium on the policy in the event of nonpayment of premium, such option shall be deemed to be elected by the applicant unless the applicant makes an affirmative election not to include this provision in the policy.
Notes and commentary — not statutory text
History
s. 2, ch. 95-142.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0627/0627.html
- Text hash
- sha256 2acfdda413fd207d4ad085da207c38aabdd4aabd6832477d476eb7ec2281d35a
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
- composed from the Legislature's structured HTML (one source of text; no PDF extraction); a second, independent reading of the same bytes agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.