Florida § 627.482 - Interest payable on cash surrender of policy.
Full text of Florida Florida Statutes § 627.482 — Interest payable on cash surrender of policy., with citation guidance and answers to common questions.
§ 627.482. Interest payable on cash surrender of policy.
(1) If an insured requests payment of the cash surrender value of a policy from its insurer, such payment shall include interest at the rate of interest specified in s. 625.121(6)(e), unless such payment is made by the insurer within 30 days of receipt of the insurance policy and request for cash surrender. (2) An insurer shall be exempt from the requirements of this section if, upon petition by the insurer to the office, it is determined by the office that payment of such interest threatens the solvency of the insurer.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 627.482
What does Florida Statutes § 627.482 cover?
Section 627.482 ("Interest payable on cash surrender of policy.") 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 § 627.482?
A common citation format is "Florida Statutes § 627.482" (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 § 627.482 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.