State RegulationsFL specificDifficulty 2/5
After converting her Florida group life coverage to an individual policy, who is responsible for paying the premiums?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under Chapter 627, Florida Statutes, once group life coverage is converted, the departing member owns an individual policy in her own name and bears the full premium responsibility; the employer's role as group policyholder ends with the group coverage. Conversion exists precisely so that the member can keep protection on her own when the employment relationship - and the employer's sponsorship - ends.
Why the other options are wrong
- A) The employer's obligation ends when the member leaves the group; the converted policy is the member's own.
- B) Premium sharing belongs to group coverage; an individually converted policy is entirely the new owner's responsibility.
- C) No premium waiver accompanies conversion; the individual policyowner pays the premiums.
Memory hook
Convert and own it - including the bill.