Florida § 627.516 - Advance payment of premiums.
Full text of Florida Florida Statutes § 627.516 — Advance payment of premiums., with citation guidance and answers to common questions.
§ 627.516. Advance payment of premiums.
Each insurer shall allow a refund or discount on advance premiums paid for an industrial life insurance policy if such premiums are paid in a single sum covering a period of at least 13 weeks. Such refund or discount shall reflect the difference in costs between weekly or monthly premium payment and the advance premiums being paid, with an interest factor used to reflect the time value of money.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 627.516
What does Florida Statutes § 627.516 cover?
Section 627.516 ("Advance payment of premiums.") 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 § 627.516?
A common citation format is "Florida Statutes § 627.516" (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 § 627.516 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.