Florida § 627.470 - Annuity contracts, pure endowment contracts; reinstatement.
Full text of Florida Florida Statutes § 627.470 — Annuity contracts, pure endowment contracts; reinstatement., with citation guidance and answers to common questions.
§ 627.470. Annuity contracts, pure endowment contracts; reinstatement.
In a fixed-dollar annuity contract, variable annuity contract, or pure endowment contract, other than a reversionary, survivorship, or group annuity, the contract shall provide that it may be reinstated upon written application therefor at any time within 1 year from the date of default in making stipulated payments to the insurer, unless the cash surrender value has been paid, but all overdue stipulated payments and any indebtedness to the insurer on the contract shall be paid or reinstated, with interest thereon at a rate to be specified in the contract but not exceeding 6 percent per year payable annually; and, when applicable, the insurer may also include a requirement of evidence of insurability satisfactory to the insurer.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 627.470
What does Florida Statutes § 627.470 cover?
Section 627.470 ("Annuity contracts, pure endowment contracts; reinstatement.") 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 § 627.470?
A common citation format is "Florida Statutes § 627.470" (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 § 627.470 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.