Florida Statute 624.6085 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 624
INSURANCE CODE: ADMINISTRATION AND GENERAL PROVISIONS

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F.S. 624.6085

624.6085 “Collateral protection insurance” defined.—For purposes of ss. 215.555, 627.311, and 627.351, “collateral protection insurance” means commercial property insurance under which a creditor is the primary beneficiary and policyholder and which protects or covers an interest of the creditor arising out of a credit transaction secured by real or personal property. Initiation of such coverage is triggered by the mortgagor’s failure to maintain insurance coverage as required by the mortgage or other lending document. Collateral protection insurance is not residential coverage.

History.—s. 10, ch. 99-204.

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Amendments to 624.6085

Arrestable Offenses / Crimes under Fla. Stat. 624.6085

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 624.6085.

Annotations, Discussions, Cases:

Cases Citing Statute 624.6085

Total Results: 1

Indemnity Casualty & Property, Ltd. v. Hunter

Court: Fla. Dist. Ct. App. | Date Filed: 2000-01-19T00:00:00-08:00

Citation: 752 So. 2d 658, 2000 Fla. App. LEXIS 338, 2000 WL 35892

Snippet: within two or more definitions. Sections 624.601-624.6085, Florida Statutes (1997), provide these definitions