Fla. Stat. 632.622
Nonforfeiture benefits, cash surrender values, certificate loans, and other options

(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.

Source: Section 632.622 — Nonforfeiture benefits, cash surrender values, certificate loans, and other options, https://www.flsenate.gov/Laws/Statutes/2024/0632.622 (accessed Aug. 7, 2025).

632.601
“Fraternal benefit society” defined 632.602
“Lodge system” defined 632.603
“Representative form of government” defined 632.604
Terms used 632.605
Purposes and powers 632.606
Qualifications for membership 632.607
Location of office 632.608
No personal liability 632.609
Waiver prohibited 632.611
Organization 632.612
Amendments to laws 632.613
Institutions 632.614
Reinsurance 632.615
Consolidations and mergers 632.616
Conversion of fraternal benefit society into mutual life insurance company 632.617
Benefits 632.618
Beneficiaries 632.619
Benefits not attachable 632.621
The benefit contract 632.622
Nonforfeiture benefits, cash surrender values, certificate loans, and other options 632.623
Investments 632.624
Funds 632.625
Exemptions 632.626
Taxation 632.627
Valuation 632.628
Reports 632.629
Annual license 632.631
Examination of societies 632.632
Foreign or alien society 632.633
Additional grounds for suspension, revocation, or denial of certificate of authority 632.634
Licensing and appointment of agents 632.635
Unfair and deceptive acts and practices 632.636
Violations 632.637
Exemption of certain societies 632.638
Applicability of other code provisions

Current through Fall 2025

§ 632.622. Nonforfeiture benefits, cash surrender values, certificate loans, & other options's source at flsenate.gov

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Location: https://florida.public.law/statutes/fla._stat._632.622

Original Source: Section 632.622 — Nonforfeiture benefits, cash surrender values, certificate loans, and other options, https://www.flsenate.gov/Laws/Statutes/2024/0632.622 (last accessed Aug. 6, 2025).