Final answer:
Group life insurance contracts in Florida must cover at least 10 employees, separate from the employer mandate that requires health insurance for businesses with over 50 employees.
Step-by-step explanation:
The question you're asking relates to the requirements for group life insurance contracts in Florida. In Florida, group life insurance contracts must cover at least 10 employees. This is designed to ensure that a moderate number of employees can access the benefits of a group life insurance plan, offering a form of collective financial protection against the loss of life. It is essential that these minimum requirements are met for such policies to be in accordance with state regulations.
Employer MandateThe employer mandate is a separate requirement referring to health insurance coverage, which dictates that all employers with more than 50 employees must offer health insurance to their employees. However, this health insurance mandate is distinct from the criteria for group life insurance coverage.