State RegulationsFL specificDifficulty 2/5
Which statement about a secondary addressee designation in a Florida life policy is correct?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under Chapter 627, Florida Statutes, a secondary addressee is a notice recipient only: the insurer sends copies of premium-due and lapse-related correspondence to that person, but the designation creates no ownership, beneficiary, or control rights in the policy. The policyowner remains the sole person who can exercise ownership rights, and claim payment follows the policy's terms without the addressee's consent.
Why the other options are wrong
- A) The designation adds a notice recipient, not a joint owner; ownership stays with the policyowner.
- B) Changing beneficiaries is an owner's right; a secondary addressee has no control over the policy.
- C) Claim payment depends on the policy's terms; the addressee's consent is never required.
Memory hook
Notices only: the addressee watches, never owns.