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Florida Statutes 627.4265 - Payment of settlement

Florida Statutes > Chapter 627 > Part II > 627.4265


Current as of: 2012
In any case in which a person and an insurer have agreed in writing to the settlement of a claim, the insurer shall tender payment according to the terms of the agreement no later than 20 days after such settlement is reached. The tender of payment may be conditioned upon execution by such person of a release mutually agreeable to the insurer and the claimant, but if the payment is not tendered within 20 days, or such other date as the agreement may provide, it shall bear interest at a rate of 12 percent per year from the date of the agreement; however, if the tender of payment is conditioned upon the execution of a release, the interest shall not begin to accrue until the executed release is tendered to the insurer.
Florida Statutes 627.426 - Claims administrationPart II Table of ContentsFlorida Statutes 627.427 - Payment of judgment by insurer; penalty for failure

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Florida Laws: Insurance

Florida Statutes > Title XXXVII - Insurance
Florida Regulations > Division 69B - Division of Insurance Agents and Agency Services
Florida Regulations > Division 69D - Division of Insurance Fraud
Florida Regulations > Division 69O - OIR - Insurance Regulation
Florida Regulations > Division 69P - Residual Markets and Special Risk Pools

U.S. Code Provisions: Insurance

U.S. Code Title 12 > Chapter 13 > Subchapter IX-C - National Insurance Development Program
U.S. Code > Title 15 > Chapter 20 - Regulation Of Insurance
U.S. Code > Title 15 > Chapter 93 - Insurance
U.S. Code > Title 42 > Chapter 25 - Federal Flood Insurance
U.S. Code > Title 42 > Chapter 50 - National Flood Insurance

Federal Regulations: Insurance

CFR > Title 12 > Chapter I > Part 14 - Consumer protection in sales of insurance
CFR > Title 12 > Chapter III > Part 343 - Consumer protection in sales of insurance
CFR > Title 12 > Chapter V > Part 536 - Consumer protection in sales of insurance
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