§ 627.806, Fla. Stat. · Part XIV. VARIABLE OR INDETERMINATEVALUE CONTRACTS
Applicability of code to indeterminate value contracts and variable life insurance contracts and accounts.
Text — 2026 Florida Statutes
(1) Subject to the provisions of subsection (2), all pertinent provisions of the insurance code, including the provisions relating to reinsurance, apply to indeterminate value contracts.
(2) Except for ss. 627.453, 627.458, 627.459, 627.462, 627.475, 627.476, and 627.559, and as otherwise provided in this part, all pertinent provisions of the insurance code apply to separate accounts and contracts relating to variable life insurance policies. Any individual variable life insurance contract delivered or issued for delivery in this state shall contain appropriate grace, reinstatement, and nonforfeiture provisions. Any group variable life insurance contract delivered or issued for delivery in this state shall contain an appropriate grace provision.
Notes and commentary — not statutory text
History
s. 2, ch. 73-30; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 591, 593, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318.
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 83103b2b9cf6662cfcae7fd095a5ac3a01885643ee3afd305074f8f866447120
- 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.
The Florida Statutes
- § 627.453, Fla. Stat.Grace period.Printed as ss. 627.453, 627.458, 627.459, 627.462, 627.475, 627.476, and 627.559
- § 627.458, Fla. Stat.Policy loan.Printed as ss. 627.453, 627.458, 627.459, 627.462, 627.475, 627.476, and 627.559
- § 627.459, Fla. Stat.Reinstatement.Printed as ss. 627.453, 627.458, 627.459, 627.462, 627.475, 627.476, and 627.559
- § 627.462, Fla. Stat.Table of installments.Printed as ss. 627.453, 627.458, 627.459, 627.462, 627.475, 627.476, and 627.559
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.