Florida Statutes

Fla. Stat. § 627.423 (2025)

Payment discharges insurer.

✓ 2025 Florida Statutes — current through the 2025 Regular Session

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627.423 Payment discharges insurer.—Whenever the proceeds of or payments under a life or health insurance policy or annuity contract become payable in accordance with the terms of such policy or contract, or the exercise of any right or privilege thereunder, and the insurer makes payment thereof in accordance with the terms of the policy or contract or in accordance with any written assignment thereof, the person then designated in the policy or contract or by such assignment as being entitled thereto shall be entitled to receive such proceeds or payments and to give full acquittance therefor; and such payments shall fully discharge the insurer from all claims under the policy or contract unless, before payment is made, the insurer has received at its home office written notice by or on behalf of some other person that such other person claims to be entitled to such payment or some interest in the policy or contract.

History.—s. 472, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 373, 377, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318.

Notes of Decisions

Cited in 4 cases (1 in the last 5 years), 1992–2021 · leading case: Schwartz v. Guardian Life Ins. Co. of Am., 73 So. 3d 798 (Fla. 4th DCA 2011).

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Schwartz v. Guardian Life Ins. Co. of Am., 73 So. 3d 798 (Fla. 4th DCA 2011). · cites it 11× “She contends the trial court erred by (1) granting summary judgment when the facts are in dispute, (2) determining she waived her claim to life insurance proceeds, (3) determining that she is estopped from asserting the insurance proceeds were paid to the wrong beneficiary, and…”

Murray v. AETNA Life Ins. Co. (M.D. Fla. 2021). · cites it 7× “Fla. Stat. § 627.423 . Courtney Murray worked at Lee Memorial Health System (“Lee Health”) for 37 years, until his death in 2018.”

Murray v. AETNA Life Ins. Co. (M.D. Fla. 2020). · cites it 5× “Fla. Stat. § 627.423 . Odette invokes her own statutory savior – Fla.”

Loewer v. New York Life Ins., 805 F. Supp. 956 (M.D. Fla. 1992). · cites it 3× “In support of this proposition, Defendant points to Florida Statutes, section 627.423. This section provides that [w]henever the proceeds or payments under a life or health insurance policy .”

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