Florida Statutes

Fla. Stat. § 627.420 (2025)

Binders.

✓ 2025 Florida Statutes — current through the 2025 Regular Session

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627.420 Binders.—Binders or other contracts for temporary property, marine, casualty, or surety insurance may be made orally or in writing, and shall be deemed to include all the usual terms of the policy as to which the binder was given together with such applicable endorsements as are designated in the binder, except as superseded by the clear and express terms of the binder. No notice of cancellation or notice of nonrenewal otherwise required by this chapter shall be required unless the duration of the binder exceeds 60 days. However, for purposes of ss. 627.728 and 627.7281, an insurer shall give 5 days’ prior notice of cancellation of a binder, unless the binder is replaced by a policy or another binder in the same or another company.

History.—s. 469, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 377, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 1, ch. 85-51; s. 114, ch. 92-318.

Notes of Decisions

Cited in 6 cases, 1987–2011 · leading case: Underwriters at Lloyds London v. STD Enter., Inc., 395 F. Supp. 2d 1142 (M.D. Fla. 2005).

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Underwriters at Lloyds London v. STD Enter., Inc., 395 F. Supp. 2d 1142 (M.D. Fla. 2005). · cites it 12× “” Fla. Stat. § 627.420 . Here, however, the binder does not designate any specific endorsements, and only contains the phrase “Exclusions/Amendments as per quote.”

First Specialty Ins. v. 633 Partners, Ltd., 300 F. App'x 777 (11th Cir. 2008). · cites it 2× “” Fla. Stat. § 627.420 . As a result, binders can be enforceable before the issuance of the insurance policy.”

Lloyds Underwriters at London v. Keystone Equip. Fin. Corp., 25 So. 3d 89 (Fla. 4th DCA 2009). · cites it 2× “Section 627.420, Florida Statutes (2009), provides that binders "shall be deemed to include all the usual terms of the policy as to which the binder was given together with such applicable endorsements as are designated in the binder, except as superseded by the clear and…”

Hepler v. Atlas Mut. Ins. Co., 501 So. 2d 681 (Fla. 1st DCA 1987). · cites it 2× “Although no notice of cancellation or nonrenewal of insurance binders for sixty days or less need generally be given by the insurer, in 1985 an express exception to this general rule was included in section 627.420. This exception requires the insurer to "give 5 days prior…”

JN Auto Collection, Corp. v. U.S. Sec. Ins. Co., 59 So. 3d 256 (Fla. 3d DCA 2011). · cites it 3× “over the phone, thereby creating a temporary insurance binder, pursuant to section 627.420, Florida Statutes (2006).”

Florida Indus. Mach., Inc. v. Exec. Life Ins. Co., 560 So. 2d 413 (Fla. 3d DCA 1990). · cites it 2× “§ 627.420, Fla.Stat. (1989). . Moreover, regional agent Parsons’ contract with Executive Life was attached to one of the depositions.”

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