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Florida Statutes Title XXXVII. Insurance § 627.4556. Life insurance automatic policy loan provision

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Florida Statutes Title XXXVII. Insurance § 627.4556. Life insurance automatic policy loan provision - last updated January 01, 2025 | https://codes.findlaw.com/fl/title-xxxvii-insurance/fl-st-sect-627-4556/

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