Florida § 627.5565 - Additional groups.
Full text of Florida Florida Statutes § 627.5565 — Additional groups., with citation guidance and answers to common questions.
§ 627.5565. Additional groups.
(1) An insurer may afford coverage under a group policy issued under this subsection if all of the following conditions are satisfied: (a) The issuance of the group policy is not contrary to the best interests of the public. (b) Coverage under the group policy is afforded on an actuarially sound basis. (c) The group policy results in economies of acquisition or administration of a magnitude comparable to other group policies under this part. (d) The premium for the policy is paid by the policyholder either from policyholder funds or from funds contributed by the covered persons, or from both. (e) The group consists at all times of not less than five persons. (f) Eligibility for participation in the group is not based on the health of an individual participant. (g) The group was organized and exists primarily for purposes other than the procurement of insurance. (h) The composition of the group to which the policy is to be issued is not substantially similar to one of the groups specified in ss. 627.5515-627.5567. (2) An insurer shall inform the office of the effectuation of any coverage under this section within 30 days after effectuation of coverage. The insurer is responsible for establishing that the criteria of subsection (1) have been satisfied.
Frequently Asked Questions About Florida § 627.5565
What does Florida Statutes § 627.5565 cover?
Section 627.5565 ("Additional groups.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 627.5565?
A common citation format is "Florida Statutes § 627.5565" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 627.5565 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.