Florida § 627.4615 - Interest payable on death claim payments.
Full text of Florida Florida Statutes § 627.4615 — Interest payable on death claim payments., with citation guidance and answers to common questions.
§ 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.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 627.4615
What does Florida Statutes § 627.4615 cover?
Section 627.4615 ("Interest payable on death claim payments.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 627.4615?
A common citation format is "Florida Statutes § 627.4615" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 627.4615 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.