Florida Statute 627.423 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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F.S. 627.423

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.

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Amendments to 627.423

Annotations, Discussions, Cases:

Cases Citing Statute 627.423

Total Results: 2

Schwartz v. Guardian Life Insurance Co. of America

73 So. 3d 798, 2011 Fla. App. LEXIS 15744, 2011 WL 4577607

District Court of Appeal of Florida | Filed: Oct 5, 2011 | Docket: 2359032

Published

wrong beneficiary, and (4) determining that section 627.423, Florida Statutes (2004), shielded Guardian

Loewer v. New York Life Insurance

805 F. Supp. 956, 1992 U.S. Dist. LEXIS 16883, 1992 WL 318841

District Court, M.D. Florida | Filed: Oct 30, 1992 | Docket: 65981001

Published

proposition, Defendant points to Florida Statutes, section 627.423. This section provides that [w]henever the