The 2023 Florida Statutes (including Special Session C)

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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F.S. 627.427

627.427 Payment of judgment by insurer; penalty for failure.—

(1) Every judgment or decree for the recovery of money entered in any of the courts of this state against any authorized insurer shall be fully satisfied within 60 days from and after the entry thereof or, in the case of an appeal from such judgment or decree, within 60 days from and after the affirmance of the same by the appellate court.

(2) If the judgment or decree is not satisfied as required under subsection (1), and proof of such failure to satisfy is made by filing with the office a certified transcript of the docket of the judgment or decree together with a certificate by the clerk of the court wherein the judgment or decree was entered that the judgment or decree remains unsatisfied, in whole or in part, after the time aforesaid, the office shall forthwith revoke the insurer’s certificate of authority. The office shall not issue to such insurer any new certificate of authority until the judgment or decree is wholly paid and satisfied and proof thereof filed with the office under the official certificate of the clerk of the court wherein the judgment was recovered, showing that the same is satisfied of record, and until the expenses and fees incurred in the case are also paid by the insurer.

History.—s. 476, ch. 59-205; ss. 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 375(2nd), 377, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318; s. 1124, ch. 2003-261.

F.S. 627.427 on Google Scholar

F.S. 627.427 on Casetext

Amendments to 627.427

Arrestable Offenses / Crimes under Fla. Stat. 627.427

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 627.427.

Annotations, Discussions, Cases:

Cases from cite.case.law:

UNITED AUTOMOBILE INSURANCE COMPANY, v. SALGADO,, 22 So. 3d 594 (Fla. Dist. Ct. App. 2009)

. . . 627.409, 627.420, and 627.428. (4) Title insurance, except ss. 627.406, 627.415, 627.416, 627.419, 627.427 . . .

PEPPER S STEEL ALLOYS, INC. v. UNITED STATES, 850 So. 2d 462 (Fla. 2003)

. . . In Lee, the First District concluded that a different statute — section 627.427(2), Florida Statutes . . .

FEDERAL DEPOSIT INSURANCE CORPORATION, v. VEREX ASSURANCE, INC., 645 So. 2d 427 (Fla. 1994)

. . . except §§ 627.409, 627.420, and 627.428. (4) Title insurance, except §§ 627.406, 627.416, 627.419, 627.427 . . .

FEDERAL DEPOSIT INSURANCE CORPORATION, a v. VEREX ASSURANCE, INC., 3 F.3d 391 (11th Cir. 1993)

. . . .-416, 627.419, 627.427, and 627.428. (5) Credit life or credit disability insurance, except §§ 627.419 . . .

PERKINS, v. A. PERKINS DRYWALL A. PERKINS DRYWALL, v. CIGNA PROPERTY AND CASUALTY COMPANIES,, 615 So. 2d 187 (Fla. Dist. Ct. App. 1993)

. . . 627.409, 627.420, and 627.428. (4) Title insurance, except ss. 627.406, 627.415, 627.416, 627.419, 627.427 . . .

LEE, v. GOVERNMENT EMPLOYEES INSURANCE COMPANY,, 388 So. 2d 346 (Fla. Dist. Ct. App. 1980)

. . . appellant attorney’s fees and costs incurred when appellant had to resort to the procedures set forth in § 627.427 . . . We agree with the trial court which held: F.S. 627.427(2) does not specifically authorize the assessment . . . carrier for services rendered by the plaintiff’s attorney in implementing the procedure set forth in § 627.427 . . . Appellant relies on the last sentence of § 627.427(2) which provides that, after an insurer’s certificate . . .

ROBINSON, v. MFA MUTUAL INSURANCE COMPANY d b a MFA, 629 F.2d 497 (8th Cir. 1980)

. . . . §§ 627.427-.428 (West 1972) (repealed by laws of Florida 1976, ch. 76-168, § 3, eff. . . .