The 2023 Florida Statutes (including Special Session C)

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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F.S. 627.4265

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.

F.S. 627.4265 on Google Scholar

F.S. 627.4265 on Casetext

Amendments to 627.4265

Arrestable Offenses / Crimes under Fla. Stat. 627.4265

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 627.4265.

Annotations, Discussions, Cases:

Cases from cite.case.law:

OTAOLA, v. CUSANO S ITALIAN BAKERY,, 103 So. 3d 993 (Fla. Dist. Ct. App. 2012)

. . . ] enclosed a release, I am looking for a general release of the insured parties as provided by F.S. 627.4265 . . .

PERAZA, v. ROBLES,, 983 So. 2d 1189 (Fla. Dist. Ct. App. 2008)

. . . .; see also § 627.4265, Fla. Stat. (2005). . . .

ABE, E. A. v. EHRLING,, 768 So. 2d 1225 (Fla. Dist. Ct. App. 2000)

. . . The controlling provision here is section 627.4265, Florida Statutes (1997): “In any case in which a . . . proceeds were not paid within the statutory time period thus interest is due in accordance with section 627.4265 . . . Section 627.4265 thus requires the payment of interest for late payment of the $600,000. . . .

ASHLEY, v. GERSTEN,, 700 So. 2d 462 (Fla. Dist. Ct. App. 1997)

. . . Section 627.4265, Florida Statutes (1995), allows an insurer to condition tender of payment on the execution . . .

A. ROBERTS, v. INTERNATIONAL SPEEDWAY CORPORATION,, 542 So. 2d 446 (Fla. Dist. Ct. App. 1989)

. . . denying his motion to assess interest against International Speedway Corporation, pursuant to section 627.4265 . . . Section 627.4265, Florida Statutes (1987) provides: In any case in which a person and an insurer have . . .

KLADKE, v. PHILLIPS,, 535 So. 2d 712 (Fla. Dist. Ct. App. 1989)

. . . motion to enforce the settlement and to award post-settlement interest pursuant to Florida Statute § 627.4265 . . . Appellants argued under these circumstances, there was no undue delay in payment and section 627.4265 . . . The trial judge also said that the sole basis for his award of interest was section 627.4265. . . . Appellants argue initially that section 627.4265 does not apply to them. . . . The trial judge frankly stated he relied solely on the twenty day time period provided in section 627.4265 . . .

R. THOMAS v. REEVES SOUTHEASTERN CORP., 472 So. 2d 493 (Fla. Dist. Ct. App. 1985)

. . . The appellants rely upon section 627.4265, Florida Statutes, in support of their claim to interest. . . . The sole question is whether the appellants are entitled to the benefit of section 627.4265 which provides . . .