Florida § 627.984 - Group-to-group consolidations.
Full text of Florida Florida Statutes § 627.984 — Group-to-group consolidations., with citation guidance and answers to common questions.
§ 627.984. Group-to-group consolidations.
Where both the old coverage and the new coverage are provided under group policies: (1) A signed application need not be obtained if all of the following apply: (a) The premium for the new plan is the same as or less than the premium for the old plan. (b) The amount of insurance provided by the new plan is the same or greater than that provided by the old plan. (c) All supplemental benefits provided by the old plan, including, but not limited to, accidental death riders and waiver-of-premium benefits, are provided by the new plan. (d) The maximum term of insurance under the new plan is as long or longer than the maximum term of insurance under the old plan. (e) There is a clear disclosure to the prospective insured that payment of the required premium constitutes acceptance of the offer. (2) If an insurer charges insureds the same premium for the new coverage as they were paying for their old coverage, and, as a result, insured debtors of a financial institution are charged different premium rates for the same coverage, such rate differences shall not constitute unfair rate discrimination under s. 626.9541.
Frequently Asked Questions About Florida § 627.984
What does Florida Statutes § 627.984 cover?
Section 627.984 ("Group-to-group consolidations.") 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 § 627.984?
A common citation format is "Florida Statutes § 627.984" (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 § 627.984 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.