§ 627.567, Fla. Stat. · Part V. GROUP LIFE INSURANCE POLICIES
Conversion on termination of policy.
Text — 2026 Florida Statutes
A group life insurance policy shall provide that, if the group policy terminates or is amended so as to terminate the insurance of any class of insured persons, every person insured thereunder at the date of such termination whose insurance terminates, including the insured dependent of a covered person, and who has been so insured for at least 5 years prior to such termination date is entitled to have issued to her or him by the insurer an individual policy of life insurance, subject to the same conditions and limitations as are provided by s. 627.566, except that the group policy may provide that the amount of such individual policy shall not exceed the smaller of:
(1) The amount of the person’s life insurance protection ceasing because of the termination or amendment of the group policy, less the amount of any life insurance for which she or he is or becomes eligible under any group policy issued or reinstated by the same or another insurer within 31 days after such termination; or
(2) Ten thousand dollars.
Notes and commentary — not statutory text
History
s. 540, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 438, 448, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318; s. 337, ch. 97-102.
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 a4fb61d4d6657f43fb7c8fd145e4059c01b10488e5a4b61a23fdb95cbf05a4d3
- 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
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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 3 provisions
Provisions in this library whose text cites § 627.567, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
- § 627.565, Fla. Stat.Certificate.Printed as ss. 627.566, 627.567, and 627.568
- § 627.568, Fla. Stat.Death pending conversion.Printed as s. 627.567
- § 627.571, Fla. Stat.Assignment of incidents of ownership in group life insurance policies, including conversion privileges.Printed as ss. 627.566 and 627.567
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.