Florida Statute 627.453 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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F.S. 627.453

627.453 Grace period.—Every insurance contract shall provide that the insured is entitled to a grace period of not less than 30 days within which payment of any premium after the first may be made. The payment may, at the option of the insurer, be subject to an interest charge not in excess of 8 percent per year for the number of days of grace elapsing before the payment of the premium, during which period of grace the policy shall continue in force. If the policy becomes a claim during the grace period before the overdue premium is paid, or the deferred premiums of the current policy year, if any, are paid, the amount of such premium or premiums with interest not in excess of 8 percent per year thereon may be deducted in any settlement under the policy.

History.—s. 480, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 380, 404, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318.

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Amendments to 627.453

Arrestable Offenses / Crimes under Fla. Stat. 627.453

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 627.453.

Annotations, Discussions, Cases:

Cases Citing Statute 627.453

Total Results: 2

Stone v. Jackson National Life Insurance Co.

Court: District Court of Appeal of Florida | Date Filed: 2006-03-08

Citation: 934 So. 2d 532, 2006 Fla. App. LEXIS 3236, 2006 WL 544542

Snippet: interpreting statutory language). For example, section 627.453, one of the enumerated sections, states that “[ejvery

National Ben Franklin Life Insurance Corp. v. Cohen

Court: District Court of Appeal of Florida | Date Filed: 1985-02-20

Citation: 464 So. 2d 1256, 10 Fla. L. Weekly 463, 1985 Fla. App. LEXIS 12501

Snippet: 626.611, 626.753, 626.794, 626.9541,1 627.403, 627.453, 627.460, and 627.474, Florida Statutes (1981)