Florida Statute 627.4615 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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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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Amendments to 627.4615

Annotations, Discussions, Cases:

Cases Citing Statute 627.4615

Total Results: 3

Stone v. Jackson National Life Insurance Co.

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

District Court of Appeal of Florida | Filed: Mar 8, 2006 | Docket: 64845841

Published

alleging a breach of contract and violation of section 627.4615, Florida Statutes (1999), on the ground that

Best Meridian Ins. Co. v. Tuaty

811 So. 2d 777, 2002 WL 384962

District Court of Appeal of Florida | Filed: Mar 13, 2002 | Docket: 1725947

Published

also argues that the trial court misapplied section 627.4615, Florida Statutes in calculating the amount

Great West Life Assurance Co. v. Greene

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

District Court of Appeal of Florida | Filed: Jul 3, 1996 | Docket: 64766707

Published

although made, was not legally required as section 627.4615, Florida Statutes (1993), states that interest

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. Attorney Syfert regularly works with Chapter 627 in the context of insurance coverage law and represents clients throughout Northeast Florida. For legal consultation, call 904-383-7448.