Florida § 632.622 Nonforfeiture benefits, cash surrender values, certificate loans, and other options

Florida Statutes

§ 632.622 — Nonforfeiture benefits, cash surrender values, certificate loans, and other options

Florida § 632.622

TitleXXXVII

Ch. 632FRATERNAL BENEFIT SOCIETIES

This text of Florida § 632.622 (Nonforfeiture benefits, cash surrender values, certificate loans, and other options) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 632.622 (2026).

Text

(1)For certificates issued prior to October 1, 1982, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or other option granted shall comply with the provisions of law applicable immediately prior thereto.

(2)For certificates issued on or after October 1, 1982, reserves shall be computed utilizing the appropriate mortality tables approved by the office for policies containing life insurance benefits made applicable to life insurers under s. 625.121.

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(1) For certificates issued prior to October 1, 1982, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or other option granted shall comply with the provisions of law applicable immediately prior thereto.

(2) For certificates issued on or after October 1, 1982, reserves shall be computed utilizing the appropriate mortality tables approved by the office for policies containing life insurance benefits made applicable to life insurers under s. 625.121.