The 2023 Florida Statutes (including Special Session C)

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.

F.S. 627.422 on Google Scholar

F.S. 627.422 on Casetext

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 from cite.case.law:

WELLS FARGO BANK, N. A. v. PRUCO LIFE INSURANCE COMPANY,, 200 So. 3d 1202 (Fla. 2016)

. . . See § 627.422, Fla. Stat. . . . until the two-year contestability, period expires, and then transfer the policy as permitted by section 627.422 . . .

ONE CALL PROPERTY SERVICES INC. a a o v. SECURITY FIRST INSURANCE COMPANY,, 165 So. 3d 749 (Fla. Dist. Ct. App. 2015)

. . . .” § 627.422, Fla. Stat. (2012). . . .

PRUCO LIFE INSURANCE COMPANY v. WELLS FARGO BANK, N. A. v. U. S. N. A., 780 F.3d 1327 (11th Cir. 2015)

. . . . § 627.422 (1982). . . .

ABRAHAM K. KOHL, D. C. Dr. K. P. A. d b a v. BLUE CROSS AND BLUE SHIELD OF FLORIDA, INC., 955 So. 2d 1140 (Fla. Dist. Ct. App. 2007)

. . . .”); § 627.422, Fla. . . .

HIGHLANDS INSURANCE COMPANY, v. KRAVECAS,, 719 So. 2d 320 (Fla. Dist. Ct. App. 1998)

. . . Section 627.422, Florida Statutes (1991), provides that an insurance policy may or may not be assignable . . .

LEXINGTON INSURANCE COMPANY, v. SIMKINS INDUSTRIES, INC., 704 So. 2d 1384 (Fla. 1998)

. . . Section 627.422, Florida Statutes (1995), expressly states that the terms of an insurance policy determine . . . behalf of some other person claiming some interest in the policy in conflict with the assignment. § 627.422 . . . See Classic Concepts, 570 So.2d at 313 (holding that section 627.422 prohibits assignment of an insurance . . .

BETTER CONSTRUCTION, INC. a v. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH,, 651 So. 2d 141 (Fla. Dist. Ct. App. 1995)

. . . . § 627.422, Fla.Stat. (1993). . . .

CLASSIC CONCEPTS, INC. a d b a v. POLAND,, 570 So. 2d 311 (Fla. Dist. Ct. App. 1990)

. . . Section 627.422, Florida Statutes (1989), provides that an insurer has the option of requiring or not . . .

LEWIS STATE BANK, a v. TRAVELERS INSURANCE COMPANY, a, 356 So. 2d 1344 (Fla. Dist. Ct. App. 1978)

. . . We first consider appellant’s claim that by virtue of F.S. 627.422 the appellee insurance company was . . .

MARYLAND CASUALTY COMPANY, v. MURPHY, 342 So. 2d 1051 (Fla. Dist. Ct. App. 1977)

. . . Pursuant to Section 627.422, Florida Statutes (1975), an insurer has the option of requiring or not requiring . . .