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FL S0520
Bill
Status
Passed
5/15/2015
Primary Sponsor
Denise Grimsley
Click for details
AI Summary
- Amends section 627.94072 of Florida Statutes to expand nonforfeiture protection options for long-term care insurance policies
- Allows nonforfeiture provisions to be offered as a return of premium upon the insured's death or upon complete surrender or cancellation of the policy or contract
- Requires nonforfeiture benefits and additional premiums to be computed using an actuarially sound methodology that is filed with and approved by the office
- Effective July 1, 2015
Legislative Description
Long-term Care Insurance
Last Action
Chapter No. 2015-21
5/15/2015
Committee Referrals
Fiscal Policy3/20/2015
Children, Families, and Elder Affairs2/17/2015
Banking and Insurance2/3/2015
Full Bill Text
No bill text available