Florida Statute 627.422 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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627.422 Assignment of policies or post-loss benefits.—A policy may be assignable, or not assignable, as provided by its terms. Any such assignment shall entitle the insurer to deal with the assignee as the owner or pledgee of the policy in accordance with the terms of the assignment, until the insurer has received at its home office written notice of termination of the assignment or pledge or written notice by or on behalf of some other person claiming some interest in the policy in conflict with the assignment.

(1) LIFE OR HEALTH INSURANCE POLICIES.—Subject to its terms relating to assignability, any life or health insurance policy under the terms of which the beneficiary may be changed upon the sole request of the policyowner may be assigned either by pledge or transfer of title, by an assignment executed by the policyowner alone and delivered to the insurer, whether or not the pledgee or assignee is the insurer.

(2) POST-LOSS BENEFITS UNDER CERTAIN PROPERTY INSURANCE POLICIES.—A residential or commercial property insurance policy may not prohibit the assignment of post-loss benefits unless it complies with s. 627.7153.

History.—s. 471, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 372, 377, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318; s. 3, ch. 2019-57.

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Amendments to 627.422

Annotations, Discussions, Cases:

Cases Citing Statute 627.422

Total Results: 12

Pruco Life Insurance Company v. Wells Fargo Bank, N.A.

780 F.3d 1327, 2015 WL 824261

Court of Appeals for the Eleventh Circuit | Filed: Feb 27, 2015 | Docket: 2637876

Cited 26 times | Published

party with no insurable interest. Fla. Stat. § 627.422 (1982). In support of this argument, Wells Fargo

Lexington Ins. v. Simkins Industries

704 So. 2d 1384, 23 Fla. L. Weekly Supp. 41, 1998 Fla. LEXIS 12, 1998 WL 19240

Supreme Court of Florida | Filed: Jan 22, 1998 | Docket: 1354198

Cited 13 times | Published

clauses rendered it nonassignable. We agree. Section 627.422, Florida Statutes (1995), expressly states

Maryland Cas. Co. v. Murphy

342 So. 2d 1051, 1977 Fla. App. LEXIS 15370

District Court of Appeal of Florida | Filed: Feb 22, 1977 | Docket: 1521296

Cited 10 times | Published

policy contained no such clause. Pursuant to Section 627.422, Florida Statutes (1975), an insurer has the

Better Const. v. Nat. Union Fire Ins.

651 So. 2d 141, 1995 WL 59571

District Court of Appeal of Florida | Filed: Feb 15, 1995 | Docket: 1518233

Cited 9 times | Published

Co., 452 So.2d 1056 (Fla. 3d DCA 1984). Cf. § 627.422, Fla. Stat. (1993). The second reason is that

Classic Concepts, Inc. v. Poland

570 So. 2d 311, 15 Fla. L. Weekly Fed. D 2217

District Court of Appeal of Florida | Filed: Sep 5, 1990 | Docket: 2487522

Cited 7 times | Published

Florida, 490 So.2d 1374 (Fla. 3d DCA 1986). Section 627.422, Florida Statutes (1989), provides that an

One Call Property Services, Inc. a/a/o William Hughes v. Security First Insurance Company

165 So. 3d 749, 2015 Fla. App. LEXIS 7643, 2015 WL 2393353

District Court of Appeal of Florida | Filed: May 20, 2015 | Docket: 2679324

Cited 6 times | Published

or not assignable, as provided by its terms.” § 627.422, Fla. Stat. (2012). A chose in action

Lewis State Bank v. Travelers Ins. Co.

356 So. 2d 1344

District Court of Appeal of Florida | Filed: Apr 5, 1978 | Docket: 1739731

Cited 6 times | Published

consider appellant's claim that by virtue of F.S. 627.422 the appellee insurance company was required

ABRAHAM K. KOHL, DC v. Blue Cross

955 So. 2d 1140, 2007 WL 837176

District Court of Appeal of Florida | Filed: Mar 21, 2007 | Docket: 1659131

Cited 4 times | Published

otherwise provided in the insurance contract."); § 627.422, Fla. Stat. (2005) (A policy may be assignable

Wells Fargo Bank, N.A. v. Pruco Life Insurance Company

200 So. 3d 1202, 41 Fla. L. Weekly Supp. 403, 2016 Fla. LEXIS 2073, 2016 WL 5242593

Supreme Court of Florida | Filed: Sep 22, 2016 | Docket: 4424427

Cited 3 times | Published

policies at issue in this case did not). See § 627.422, Fla. Stat. The secondary market provides an alternative

MARGIE SALYER vs TOWER HILL SELECT INSURANCE COMPANY AND MASON DIXON CONTRACTING, INC.

District Court of Appeal of Florida | Filed: Jun 2, 2023 | Docket: 66639457

Published

to assign its post-loss policy benefits. See § 627.422, Fla. Stat. (2018);2 W. Fla. Grocery Co. v. Teutonia

KWAKU ADJEI v. FIRST COMMUNITY INSURANCE COMPANY

District Court of Appeal of Florida | Filed: Oct 19, 2022 | Docket: 65588630

Published

freely assign a post-loss insurance claim. See § 627.422, Fla. Stat. (2022); Citizens Prop. Ins. Corp

Highlands Insurance Co. v. Kravecas

719 So. 2d 320, 1998 Fla. App. LEXIS 10301, 1998 WL 472490

District Court of Appeal of Florida | Filed: Aug 12, 1998 | Docket: 64783569

Published

judgment for Kravecas. This appeal followed. Section 627.422, Florida Statutes (1991), provides that an

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. Attorney Syfert regularly works with Chapter 627 in the context of insurance coverage law and represents clients throughout Northeast Florida. For legal consultation, call 904-383-7448.