Florida Statute 627.422 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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F.S. 627.422

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

Arrestable Offenses / Crimes under Fla. Stat. 627.422

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 627.422.

Annotations, Discussions, Cases:

Cases Citing Statute 627.422

Total Results: 11

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

Court: District Court of Appeal of Florida | Date Filed: 2023-06-02

Snippet: 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

Court: District Court of Appeal of Florida | Date Filed: 2022-10-19

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

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

Court: Supreme Court of Florida | Date Filed: 2016-09-22

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

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

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

Court: District Court of Appeal of Florida | Date Filed: 2015-05-20

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

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

ABRAHAM K. KOHL, DC v. Blue Cross

Court: District Court of Appeal of Florida | Date Filed: 2007-03-21

Citation: 955 So. 2d 1140, 2007 WL 837176

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

Highlands Insurance Co. v. Kravecas

Court: District Court of Appeal of Florida | Date Filed: 1998-08-12

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

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

Lexington Ins. v. Simkins Industries

Court: Supreme Court of Florida | Date Filed: 1998-01-22

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

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

Better Const. v. Nat. Union Fire Ins.

Court: District Court of Appeal of Florida | Date Filed: 1995-02-15

Citation: 651 So. 2d 141

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

Classic Concepts, Inc. v. Poland

Court: District Court of Appeal of Florida | Date Filed: 1990-09-05

Citation: 570 So. 2d 311

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

Lewis State Bank v. Travelers Ins. Co.

Court: District Court of Appeal of Florida | Date Filed: 1978-04-05

Citation: 356 So. 2d 1344

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

Maryland Cas. Co. v. Murphy

Court: District Court of Appeal of Florida | Date Filed: 1977-02-22

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

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