Florida Statute 627.4615 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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F.S. 627.4615

627.4615 Interest payable on death claim payments.—When a policy provides for payment of its proceeds in a lump sum upon the death of the insured, the payment must include interest, at an annual rate equal to or greater than the Moody’s Corporate Bond Yield Average-Monthly Average Corporate as of the day the claim was received, from the date the insurer receives written due proof of death of the insured. If the method of calculating such index is substantially changed from the method of calculation in use on January 1, 1993, the rate must not be less than 8 percent.

History.—s. 15, ch. 83-288; s. 3, ch. 84-94; ss. 43, 114, ch. 92-318.

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F.S. 627.4615 on Casetext

Amendments to 627.4615

Arrestable Offenses / Crimes under Fla. Stat. 627.4615

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 627.4615.

Annotations, Discussions, Cases:

Cases Citing Statute 627.4615

Total Results: 4

Thrivent Financial For Lutherans v. State of Florida, Dept. of Financial Services

Court: Fla. Dist. Ct. App. | Date Filed: 2014-08-05T00:00:00-07:00

Citation: 145 So. 3d 178, 2014 WL 3819476, 2014 Fla. App. LEXIS 11923

Snippet: shall include any amount due and payable under s. 627.4615. (3) For purposes of this chapter, a life

Stone v. Jackson National Life Insurance Co.

Court: Fla. Dist. Ct. App. | Date Filed: 2006-03-08T00:00:00-08:00

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

Snippet: section 627.4615. Jackson also argues that section 627.452(1) does not mandate that section 627.4615 be included… a breach of contract and violation of section 627.4615, Florida Statutes (1999), on the ground that the…death benefit as required by Florida Statute § 627.4615.” In response, Jackson filed a motion to dismiss…Florida Statutes (1999),1 mandates that section 627.4615 be included in the insurance contract. Therefore… contain the substantive provisions of section 627.4615, these provisions must be read into the policy

Best Meridian Ins. Co. v. Tuaty

Court: Fla. Dist. Ct. App. | Date Filed: 2002-03-12T23:53:00-08:00

Citation: 811 So. 2d 777

Snippet: argues that the trial court misapplied section 627.4615, Florida Statutes in calculating the amount of…1993, the rate must not be less than 8 percent. § 627.4615, Fla. Stat. (1995). In interpreting this statute…statute, the trial court determined that section 627.4615 limits Best Meridian's liability for pre-judgment

Great West Life Assurance Co. v. Greene

Court: Fla. Dist. Ct. App. | Date Filed: 1996-07-03T00:00:00-07:00

Citation: 678 So. 2d 385, 1996 Fla. App. LEXIS 6879, 1996 WL 365711

Snippet: although made, was not legally required as section 627.4615, Florida Statutes (1993), states that interest…beyond that which has been paid to her. Section 627.4615, Florida Statutes (1993), provides for interest