Florida § 627.985 - Disclosure requirements.
Full text of Florida Florida Statutes § 627.985 — Disclosure requirements., with citation guidance and answers to common questions.
§ 627.985. Disclosure requirements.
(1) In conjunction with any offer of new coverage made in any consolidation, the new insurer shall disclose in writing to each prospective insured all of the following: (a) That the insured debtor may have the right to continue or convert her or his old coverage by paying premiums directly to the old insurer. (b) That the offer of new coverage is not conditioned upon either the termination or replacement of the old coverage. (c) The name and address of the old insurer and the new insurer. (d) The effective date of the new coverage. (e) The beneficiary of the new coverage. (f) Whether premium rates under the new plan are guaranteed. (g) Amount of coverage for both the new and old plans. If the amount of coverage for the old plan is not known, a statement that the amount may be scheduled and it may be less than or greater than the amount of the loan and the insured should check the policy schedule for an exact amount of coverage. (h) Material differences, if any, between the new plan and the old plan. (i) A statement as to whether the old plan was an individual or group plan and a statement as to whether the new plan is an individual or group plan. (j) A consumer information phone number to call with questions regarding the consolidation. (2) Disclosures required under this part may be made on behalf of the new insurer by the financial institution.
Frequently Asked Questions About Florida § 627.985
What does Florida Statutes § 627.985 cover?
Section 627.985 ("Disclosure requirements.") 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 § 627.985?
A common citation format is "Florida Statutes § 627.985" (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 § 627.985 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.