The 2023 Florida Statutes (including Special Session C)

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.

F.S. 627.423 on Google Scholar

F.S. 627.423 on Casetext

Amendments to 627.423

Arrestable Offenses / Crimes under Fla. Stat. 627.423

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 627.423.

Annotations, Discussions, Cases:

Cases from cite.case.law:

SCHWARTZ, v. GUARDIAN LIFE INSURANCE COMPANY OF AMERICA,, 73 So. 3d 798 (Fla. Dist. Ct. App. 2011)

. . . asserting the insurance proceeds were paid to the wrong beneficiary, and (4) determining that section 627.423 . . . Lastly, she contends section 627.423 is unconstitutional as applied in this case. . . . Given the dearth of case law in Florida construing section 627.423, both Odette and Guardian Life relied . . . In her brief, Odette first argues that section 627.423 as an affirmative defense is not available because . . . Lastly, Odette argues that in interpreting section 627.423, we should adopt the reasoning of the dissent . . .

S. LOEWER, v. NEW YORK LIFE INSURANCE COMPANY,, 805 F. Supp. 956 (M.D. Fla. 1992)

. . . In support of this proposition, Defendant points to Florida Statutes, section 627.423. . . . Thus, under Section 627.423, Defendant is fully discharged from all claims under the New York Life policies . . . Furthermore, under Florida Statutes, section 627.423 Defendant was discharged of all liability under . . .