Florida Statutes
Fla. Stat. § 627.427 (2025)
Payment of judgment by insurer; penalty for failure.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
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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.
Notes of Decisions
Cited in 3
cases, 1980–2003 · leading case: Pepper's Steel & Alloys, Inc. v. United States, 850 So. 2d 462 (Fla. 2003).
Pepper's Steel & Alloys, Inc. v. United States, 850 So. 2d 462 (Fla. 2003). “That statute addressed procedures for revoking an insurer's certificate of insurance. While Bohlinger involved a predecessor statute to section 627.”
Juanita Robinson v. Mfa Mut. Ins. Co. & Countryside Cas. Co. D/B/A Mfa Ins. Companies, 629 F.2d 497 (8th Cir. 1980). “Fla. Stat.Ann. §§ 627.427-.428 (West 1972) (repealed by laws of Florida 1976, ch.”
Lee v. Gov't Employees Ins. Co., 388 So. 2d 346 (Fla. 1st DCA 1980). “427(2) does not specifically authorize the assessment of attorney’s fees and costs against an insurance carrier for services rendered by the plaintiff’s attorney in implementing the procedure set forth in § 627.427, F.S. where the insurance carrier fails to pay the judgment…”
— 627.427(2) — 2 cases
Pepper's Steel & Alloys, Inc. v. United States, 850 So. 2d 462 (Fla. 2003). “That statute addressed procedures for revoking an insurer's certificate of insurance. While Bohlinger involved a predecessor statute to section 627.”
Lee v. Gov't Employees Ins. Co., 388 So. 2d 346 (Fla. 1st DCA 1980). “427(2) does not specifically authorize the assessment of attorney’s fees and costs against an insurance carrier for services rendered by the plaintiff’s attorney in implementing the procedure set forth in § 627.427, F.S. where the insurance carrier fails to pay the judgment…”
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