Florida Statute 627.4265 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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627.4265 Payment of settlement.—In any case in which a person and an insurer have agreed in writing to the settlement of a claim, the insurer shall tender payment according to the terms of the agreement no later than 20 days after such settlement is reached. The tender of payment may be conditioned upon execution by such person of a release mutually agreeable to the insurer and the claimant, but if the payment is not tendered within 20 days, or such other date as the agreement may provide, it shall bear interest at a rate of 12 percent per year from the date of the agreement; however, if the tender of payment is conditioned upon the execution of a release, the interest shall not begin to accrue until the executed release is tendered to the insurer.

History.—s. 12, ch. 83-288; s. 3, ch. 84-94; s. 114, ch. 92-318.

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Amendments to 627.4265

Annotations, Discussions, Cases:

Cases Citing Statute 627.4265

Total Results: 9

Peraza v. Robles

983 So. 2d 1189, 2008 WL 942005

District Court of Appeal of Florida | Filed: Apr 9, 2008 | Docket: 347941

Cited 7 times | Published

acceptance, not a counteroffer. Id.; see also § 627.4265, Fla. Stat. (2005). As already stated, the plaintiff

Otaola v. Cusano's Italian Bakery

103 So. 3d 993, 2012 Fla. App. LEXIS 21714, 2012 WL 6602443

District Court of Appeal of Florida | Filed: Dec 19, 2012 | Docket: 60227284

Cited 3 times | Published

release of the insured parties as provided by F.S. 627.4265. This issue will be addressed once we have reviewed

FIT Aviation, Inc. v. Gleason

510 So. 2d 1217, 12 Fla. L. Weekly 1994, 1987 Fla. App. LEXIS 9900

District Court of Appeal of Florida | Filed: Aug 13, 1987 | Docket: 1596073

Cited 1 times | Published

direction of insurance companies and therefore section 627.4265, Florida Statutes (1985) was applicable. This

Pine Plaza Holdings, LLC v. Benita Benninger Diaz

District Court of Appeal of Florida | Filed: Aug 13, 2025 | Docket: 71098955

Published

in awarding statutory interest pursuant to section 627.4265, Florida Statutes (2023), because an insurance

Abe v. Ehrling

768 So. 2d 1225, 2000 Fla. App. LEXIS 12712, 2000 WL 1471762

District Court of Appeal of Florida | Filed: Oct 4, 2000 | Docket: 64800901

Published

reverse. The controlling provision here is section 627.4265, Florida Statutes (1997): “In any case in

Ashley v. Gersten

700 So. 2d 462, 1997 Fla. App. LEXIS 11876, 1997 WL 656380

District Court of Appeal of Florida | Filed: Oct 22, 1997 | Docket: 64776202

Published

sign the release and hold harmless agreement. Section 627.4265, Florida Statutes (1995), allows an insurer

Roberts v. International Speedway Corp.

542 So. 2d 446, 14 Fla. L. Weekly 1052, 1989 Fla. App. LEXIS 2178, 1989 WL 41200

District Court of Appeal of Florida | Filed: Apr 27, 1989 | Docket: 64642131

Published

International Speedway Corporation, pursuant to section 627.4265, Florida *447Statutes (1987)1 and common law

Kladke v. Phillips

535 So. 2d 712, 14 Fla. L. Weekly 120, 1989 Fla. App. LEXIS 35, 1989 WL 153

District Court of Appeal of Florida | Filed: Jan 5, 1989 | Docket: 64639278

Published

post-settlement interest pursuant to Florida Statute § 627.4265. Appellants responded that Phillips had delayed

Thomas v. Reeves Southeastern Corp.

472 So. 2d 493, 10 Fla. L. Weekly 1485, 1985 Fla. App. LEXIS 14909

District Court of Appeal of Florida | Filed: Jun 12, 1985 | Docket: 64613031

Published

personal injury action. The appellants rely upon section 627.4265, Florida Statutes, in support of their claim

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. Attorney Syfert regularly works with Chapter 627 in the context of insurance coverage law and represents clients throughout Northeast Florida. For legal consultation, call 904-383-7448.