Florida Statute 627.4265 | Lawyer Caselaw & Research

The 2024 Florida Statutes

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.

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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 Citing Statute 627.4265

Total Results: 8

Otaola v. Cusano's Italian Bakery

Court: Fla. Dist. Ct. App. | Date Filed: 2012-12-19T00:00:00-08:00

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

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

Peraza v. Robles

Court: Fla. Dist. Ct. App. | Date Filed: 2008-04-09T00:00:00-07:00

Citation: 983 So. 2d 1189, 2008 WL 942005

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

Abe v. Ehrling

Court: Fla. Dist. Ct. App. | Date Filed: 2000-10-04T00:00:00-07:00

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

Snippet: reverse. The controlling provision here is section 627.4265, Florida Statutes (1997): “In any case in which…thus interest is due in accordance with section 627.4265. The defendants argue that the settlement agreement…conditioned upon the execution of releases. Section 627.4265 thus requires the payment of interest for late

Ashley v. Gersten

Court: Fla. Dist. Ct. App. | Date Filed: 1997-10-22T00:00:00-07:00

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

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

Roberts v. International Speedway Corp.

Court: Fla. Dist. Ct. App. | Date Filed: 1989-04-27T00:00:00-07:00

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

Snippet: International Speedway Corporation, pursuant to section 627.4265, Florida *447Statutes (1987)1 and common law contract…DISMISSED. DAUKSCH and COWART, JJ., concur. . Section 627.4265, Florida Statutes (1987) provides: In any case

Kladke v. Phillips

Court: Fla. Dist. Ct. App. | Date Filed: 1989-01-05T00:00:00-08:00

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

Snippet: post-settlement interest pursuant to Florida Statute § 627.4265. Appellants responded that Phillips had delayed…there was no undue delay in payment and section 627.4265 does not apply to them, since none of them are…sole basis for his award of interest was section 627.4265. “I went back to the statute and the statute says…court. Appellants argue initially that section 627.4265 does not apply to them. That law provides: *714Payment…counters with the argument that even though section 627.4265 does not apply, the award of interest can be sustained

FIT Aviation, Inc. v. Gleason

Court: Fla. Dist. Ct. App. | Date Filed: 1987-08-13T00:53:00-07:00

Citation: 510 So. 2d 1217

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

Thomas v. Reeves Southeastern Corp.

Court: Fla. Dist. Ct. App. | Date Filed: 1985-06-12T00:00:00-07:00

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

Snippet: injury action. The appellants rely upon section 627.4265, Florida Statutes, in support of their claim to…to the construction to be placed upon section 627.-4265. There is no dispute in the matter at hand that…appellants are entitled to the benefit of section 627.4265 which provides as follows: In any case in which