Florida Statute 627.427 | Lawyer Caselaw & Research

The 2024 Florida Statutes

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.

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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 Citing Statute 627.427

Total Results: 5

United Automobile Insurance Co. v. Salgado

Court: District Court of Appeal of Florida | Date Filed: 2009-08-05

Citation: 22 So. 3d 594, 2009 Fla. App. LEXIS 10733, 2009 WL 2382408

Snippet: except ss. 627.406, 627.415, 627.416, 627.419, 627.427, and 627.428. (5) Credit life or credit disability

Pepper's Steel & Alloys, Inc. v. United States

Court: Supreme Court of Florida | Date Filed: 2003-06-12

Citation: 850 So. 2d 462, 28 Fla. L. Weekly Supp. 455, 2003 Fla. LEXIS 1052, 2003 WL 21354869

Snippet: District concluded that a different statutesection 627.427(2), Florida Statutes (1979)did not authorize attorneys'

Federal Deposit Insurance Corp. v. Verex Assurance, Inc.

Court: Supreme Court of Florida | Date Filed: 1994-11-17

Citation: 645 So. 2d 427, 19 Fla. L. Weekly Supp. 593, 1994 Fla. LEXIS 1813

Snippet: insurance, except §§ 627.406, 627.416, 627.419, 627.427, and 627.428. (5) Credit life or credit disability

Perkins v. A. Perkins Drywall

Court: District Court of Appeal of Florida | Date Filed: 1993-03-02

Citation: 615 So. 2d 187, 1993 WL 53126

Snippet: except ss. 627.406, 627.415, 627.416, 627.419, 627.427, and 627.428. (5) Credit life or credit disability

Lee v. Government Employees Insurance Co.

Court: District Court of Appeal of Florida | Date Filed: 1980-09-30

Citation: 388 So. 2d 346, 1980 Fla. App. LEXIS 17673

Snippet: had to resort to the procedures set forth in § 627.427(2), Florida Statutes, to collect a judgment against