What does Florida law state regarding group life insurance conversion privileges?

Under Florida law, group life insurance policies typically come with conversion privileges that allow individuals to convert their group coverage into an individual policy when they lose their eligibility due to certain events, such as leaving their job or the termination of the group policy. A key feature of this conversion is that it does not require evidence of insurability. This means that the individual can obtain the new insurance coverage without having to provide proof of good health, making the process more accessible for those who may have developed health issues after leaving the group plan.

This provision serves as important consumer protection, ensuring that individuals can maintain some level of life insurance coverage even if their health changes. The law is designed to prevent gaps in coverage and provide peace of mind to policyholders transitioning from group insurance to individual plans. The absence of a requirement for evidence of insurability enables individuals to secure coverage despite their health status, ensuring that they are not left without critical financial protection.