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Fla. Stat. § 627.480

Cash payments of single-premium life policies

Florida · Florida Statutes Chapter 627 — INSURANCE RATES AND CONTRACTS · Status: effective

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Fla. Stat. § 627.480, Cash payments of single-premium life policies, Florida, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1154591
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Premiums for single-premium life insurance policies shall be paid in cash. This section is not applicable to the use of dividends to purchase paid-up additional insurance or to such other usual and customary methods of paying for life insurance as may be permitted by rule of the commission.