State RegulationsFL specificDifficulty 1/5
What is the purpose of the secondary addressee provision available in Florida life policies?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under Chapter 627, Florida Statutes, the secondary addressee provision lets a policyowner name a person - for example a spouse, adult child, or other trusted contact - to receive notices the insurer sends about the policy, such as premium-due warnings or lapse notices, when the policyowner's own address is no longer known. Its practical value is preventing a policy with real value from lapsing unnoticed because mail cannot reach the owner.
Why the other options are wrong
- A) Ownership rights are not transferred by the provision; a change of owner requires an assignment authorized by the owner.
- C) The provision has nothing to do with who receives death proceeds; that is controlled by the beneficiary designation.
- D) It creates no agency authority and does not obligate anyone to pay the policyowner's premiums.
Memory hook
Secondary addressee is a second mailbox, not a second payee.