Florida § 627.842 - Restrictions on premium finance agreements.
Full text of Florida Florida Statutes § 627.842 — Restrictions on premium finance agreements., with citation guidance and answers to common questions.
§ 627.842. Restrictions on premium finance agreements.
No premium finance agreement or contract ancillary thereto shall contain any provision by which: (1) In the absence of default of the insured, the premium finance company holding the agreement may, arbitrarily and without reasonable cause, accelerate the maturity of any part or all of the amount owing thereunder; (2) A power of attorney is given to confer any authority to perform any act other than to request cancellation for nonpayment of premium; or (3) The insured relieves the insurance agent or the premium finance company holding the agreement from liability for any legal rights or remedies which the insured may otherwise have against her or him.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 627.842
What does Florida Statutes § 627.842 cover?
Section 627.842 ("Restrictions on premium finance agreements.") 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 § 627.842?
A common citation format is "Florida Statutes § 627.842" (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 § 627.842 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.