Fla. Stat. § 627.480

Current through the 2024 Legislative Session

Section 627.480 - Cash payments of single-premium life policies

Premiums for single-premium life insurance policies shall be paid in cash. This section is not applicable to the use of dividends to purchase paid-up additional insurance or to such other usual and customary methods of paying for life insurance as may be permitted by rule of the commission.

Fla. Stat. § 627.480

s. 1, ch. 70-66; s. 1, ch. 70-439; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 402, 404, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s.114, ch. 92-318; s.1132, ch. 2003-261.