Florida Statutes 627.561 – Application; statements deemed representations
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 627.561
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- group life insurance policy: include plans of self-insurance providing death benefits. See Florida Statutes 627.551
- insurance: include the death benefits provided under a plan of self-insurance. See Florida Statutes 627.551
- person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 1.01
A group life insurance policy shall provide that a copy of the application, if any, of the policyholder be attached to the policy when issued, that all statements made by the policyholder or by the persons insured be deemed representations and not warranties, and that no statement made by any person insured be used in any contest unless a copy of the instrument containing the statement is or has been furnished to such person or to her or his beneficiary.