Florida Statute 627.427 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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627.427 Payment of judgment by insurer; penalty for failure.—

(1) Every judgment or decree for the recovery of money entered in any of the courts of this state against any authorized insurer shall be fully satisfied within 60 days from and after the entry thereof or, in the case of an appeal from such judgment or decree, within 60 days from and after the affirmance of the same by the appellate court.

(2) If the judgment or decree is not satisfied as required under subsection (1), and proof of such failure to satisfy is made by filing with the office a certified transcript of the docket of the judgment or decree together with a certificate by the clerk of the court wherein the judgment or decree was entered that the judgment or decree remains unsatisfied, in whole or in part, after the time aforesaid, the office shall forthwith revoke the insurer’s certificate of authority. The office shall not issue to such insurer any new certificate of authority until the judgment or decree is wholly paid and satisfied and proof thereof filed with the office under the official certificate of the clerk of the court wherein the judgment was recovered, showing that the same is satisfied of record, and until the expenses and fees incurred in the case are also paid by the insurer.

History.—s. 476, ch. 59-205; ss. 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 375(2nd), 377, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318; s. 1124, ch. 2003-261.

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Amendments to 627.427

Annotations, Discussions, Cases:

Cases Citing Statute 627.427

Total Results: 2 | Sort by: Relevance | Newest First

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Pepper's Steel & Alloys, Inc. v. United States, 850 So. 2d 462 (Fla. 2003).

Cited 26 times | Published | Supreme Court of Florida | 28 Fla. L. Weekly Supp. 455, 2003 Fla. LEXIS 1052, 2003 WL 21354869

...Government Employees Insurance Co., 388 So.2d 346 (Fla. 1st DCA 1980), and Bohlinger v. Higginbotham, 70 So.2d 911 (Fla.1954). Neither case, however, supports the conclusion reached in Morris. In Lee, the First District concluded that a different statutesection 627.427(2), Florida Statutes (1979)did not authorize attorneys' fees and costs incurred after rendition of a judgment....

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Lee v. Gov't Employees Ins. Co., 388 So. 2d 346 (Fla. Dist. Ct. App. 1980).

Published | District Court of Appeal of Florida | 1980 Fla. App. LEXIS 17673

McCORD, Judge. Appellant appeals from the trial court’s order denying appellant attorney’s fees and costs incurred when appellant had to resort to the procedures set forth in § 627.427(2), Florida Statutes, to collect a judgment against appellee, Government Employees Insurance Company (GEICO). We agree with the trial court which held: F.S. 627.427(2) does not specifically authorize the assessment of attorney’s fees and costs against an insurance carrier for services rendered by the plaintiff’s attorney in implementing the procedure set forth in § 627.427, F.S. where the insurance carrier fails to pay the judgment within sixty (60) days after the entry thereof. Appellant relies on the last sentence of § 627.427(2) which provides that, after an insurer’s certificate of authority has been revoked for failure to satisfy a judgment or decree, the insurer will not be issued a new certificate of authority until the judgment is satisfied and “until...

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. Attorney Syfert regularly works with Chapter 627 in the context of insurance coverage law and represents clients throughout Northeast Florida. For legal consultation, call 904-383-7448.