Timing is everything when it comes to when death benefits are due and payable, and the Florida Department of Financial Services got the question wrong, an appeals court has decided.
The First District Court of Appeal reversed a declaration of the state agency, which had decided that life insurance funds are due immediately upon the death of the insured.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]