(1) The premium for the insurance shall be paid either from funds contributed by the employer, union, association, or other person to whom the policy has been issued or from funds contributed by the covered persons, or from both. Except as provided in subsection (2), a policy on which no part of the premium for the spouse’s and dependent child’s coverage is to be derived from funds contributed by the covered persons shall insure all eligible employees or members with respect to their spouses and dependent children or any class or classes thereof.
(2) An insurer may exclude or limit the coverage on any spouse or dependent child as to whom evidence of individual insurability is not satisfactory to the insurer.
(3) The amounts of insurance for any covered spouse or dependent child under the policy may not exceed the amount of insurance for which the employee or member is insured.
History.—ss. 429, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318; s. 5, ch. 2010-61.
Structure Florida Statutes
Chapter 627 - Insurance Rates and Contracts
Part V - Group Life Insurance Policies (Ss. 627.551-627.575)
627.551 - Group contracts and plans of self-insurance must meet group requirements.
627.5515 - Out-of-state groups.
627.556 - Credit union groups.
627.5567 - Group life insurance; association groups.
627.5575 - Group life insurance for dependents.
627.558 - Provisions required in group contracts.
627.561 - Application; statements deemed representations.
627.563 - Misstatement of age.
627.564 - Payment of benefits.
627.566 - Conversion on termination of eligibility.
627.567 - Conversion on termination of policy.
627.568 - Death pending conversion.
627.5685 - Continuance of coverage during disability.
627.5686 - Waiver of premium for disabled insured.
627.569 - Use of dividends, refunds, rate reductions, commissions, service fees.
627.5725 - Notification to insureds of cancellation or expiration.
627.573 - Replacement or termination of group life insurance; liability of prior insurer.
627.574 - Liability of succeeding insurer on replacement of group policy.