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The 2025 Florida Statutes
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F.S. 627.7283627.7283 Cancellation; return of unearned premium.—(1) If the insured cancels a policy of motor vehicle insurance, the insurer must mail or electronically transfer the unearned portion of any premium paid within 30 days after the effective date of the policy cancellation or receipt of notice or request for cancellation, whichever is later. This requirement applies to a cancellation initiated by an insured for any reason. However, the insured may elect to apply the unearned portion of any premium paid to unpaid balances of other policies with the same insurer or insurer group. (2) If an insurer cancels a policy of motor vehicle insurance, the insurer must mail or electronically transfer the unearned premium portion of any premium within 15 days after the effective date of the policy cancellation. However, the insured may elect to apply the unearned portion of any premium paid to unpaid balances of other policies with the same insurer or insurer group. (3) If the unearned premium is not mailed, electronically transferred, or applied to the unpaid balance of other policies within the applicable period, the insurer must pay to the insured 8 percent interest on the amount due. If the unearned premium is not mailed or electronically transferred within 45 days after the applicable period, the insured may bring an action against the insurer pursuant to s. 624.155. (4) If the insured cancels, the insurer may retain up to 10 percent of the unearned premium and must refund at least 90 percent of the unearned premium. If the insurer cancels, the insurer must refund 100 percent of the unearned premium. Cancellation is without prejudice to any claim originating prior to the effective date of the cancellation. For purposes of this section, unearned premiums must be computed on a pro rata basis. (5) The insurer must refund 100 percent of the unearned premium if the insured is a servicemember, as defined in s. 250.01, who cancels because he or she is called to active duty or transferred by the United States Armed Forces to a location where the insurance is not required. The insurer may require a servicemember to submit either a copy of the official military orders or a written verification signed by the servicemember’s commanding officer to support the refund authorized under this subsection. If the insurer cancels, the insurer must refund 100 percent of the unearned premium. Cancellation is without prejudice to any claim originating prior to the effective date of the cancellation. For purposes of this section, unearned premiums must be computed on a pro rata basis. History.—s. 1, ch. 86-262; s. 2, ch. 87-50; ss. 82, 114, ch. 92-318; s. 7, ch. 2002-282; s. 18, ch. 2003-72; s. 9, ch. 2014-103; s. 3, ch. 2016-133; s. 27, ch. 2022-183.
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Annotations, Discussions, Cases:
Cases Citing Statute 627.7283
Total Results: 11
945 So. 2d 1216, 31 Fla. L. Weekly Supp. 882, 2006 Fla. LEXIS 2953, 2006 WL 3741019
Supreme Court of Florida | Filed: Dec 21, 2006 | Docket: 2451707
Cited 49 times | Published
Section 626.9706;
5. Section 626.9707; or
6. Section 627.7283.
(b) By the commission of any of the following
706 So. 2d 275, 22 Fla. L. Weekly Supp. 726, 1997 Fla. LEXIS 1965, 1997 WL 730719
Supreme Court of Florida | Filed: Nov 26, 1997 | Docket: 2513787
Cited 13 times | Published
Section 626.9706;
5. Section 626.9707; or
6. Section 627.7283.
(b) By the commission of any of the following
41 So. 3d 375, 2010 Fla. App. LEXIS 10850, 2010 WL 2925378
District Court of Appeal of Florida | Filed: Jul 28, 2010 | Docket: 2396291
Cited 4 times | Published
satisfied. We agree and reverse.
Pursuant to section 627.7283, Florida Statutes (2004), insurance carriers
673 So. 2d 562, 1996 WL 267929
District Court of Appeal of Florida | Filed: May 22, 1996 | Docket: 1671221
Cited 2 times | Published
Section 626.9706;
5. Section 626.9707; or
6. Section 627.7283.
(b) By the commission of any of the following
625 F. Supp. 2d 1179, 2008 U.S. Dist. LEXIS 41049, 2008 WL 2157084
District Court, N.D. Florida | Filed: May 21, 2008 | Docket: 2268219
Cited 1 times | Published
Section 626.9706; 5. Section 626.9707; or 6. Section 627.7283.
[6] Section 624.155(1)(b) permits a person
917 So. 2d 901, 2005 WL 2656118
District Court of Appeal of Florida | Filed: Oct 19, 2005 | Docket: 1509612
Cited 1 times | Published
for the unearned premium, pursuant to the section 627.7283, Florida Statutes (2000). We therefore reverse
160 So. 3d 549, 2015 Fla. App. LEXIS 4744, 2015 WL 1470104
District Court of Appeal of Florida | Filed: Apr 2, 2015 | Docket: 60246901
Published
this period of time in order to comply with section 627.7283(2), Florida Statutes (2012), which requires
964 So. 2d 769, 2007 Fla. App. LEXIS 13846, 2007 WL 2480969
District Court of Appeal of Florida | Filed: Sep 5, 2007 | Docket: 64852420
Published
is no financing, the applicable statute is section 627.7283, Florida Statutes, which provides in subsections
863 So. 2d 1240, 2003 Fla. App. LEXIS 19774, 2003 WL 23094943
District Court of Appeal of Florida | Filed: Dec 31, 2003 | Docket: 64827551
Published
interest on unearned premiums, pursuant to section 627.7283, Florida Statutes (1999), is challenged in
839 So. 2d 742, 2003 Fla. App. LEXIS 739, 2003 WL 187201
District Court of Appeal of Florida | Filed: Jan 29, 2003 | Docket: 1707877
Published
for appellee.
MAY, J.
The application of section 627.7283, Florida Statutes (2001), to a claim for interest
734 So. 2d 505, 1999 Fla. App. LEXIS 6441, 1999 WL 312271
District Court of Appeal of Florida | Filed: May 19, 1999 | Docket: 64788593
Published
The complaint also alleged a violation of section 627.7283(1) which governs the time allowed for the
