State RegulationsFL specificDifficulty 1/5
Florida long-term care policies must offer protection against unintentional lapse through a secondary addressee provision. What is the purpose of designating a secondary addressee?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under Florida's LTC standards in Chapter 627, Florida Statutes, the secondary addressee provision exists so that a designated third party receives copies of premium delinquency and lapse notices in addition to the insured. If the insured becomes forgetful or impaired and stops handling mail, someone else learns of the problem in time to act, which is the backbone of Florida's protection against unintentional lapse.
Why the other options are wrong
- A) A secondary addressee receives notices only; the designation does not create a second insured or share benefits.
- C) The provision concerns notice delivery, not the appointment of a servicing agent.
- D) Beneficiaries receive policy proceeds; a secondary addressee receives lapse and delinquency notices.
Memory hook
Secondary addressee = a second set of eyes on lapse notices.