Florida Statute 627.462 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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627.462 Table of installments.—If a policy provides for payment of its proceeds in installments, a table showing the amount and period of such installments shall be included in the policy; except that certain tables may be omitted from the policy if in the judgment of the office it is not practical to include them.

History.—s. 489, 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. 404, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318; s. 1128, ch. 2003-261.

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Amendments to 627.462

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Cases Citing Statute 627.462

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Stone v. Jackson Nat'l Life Ins. Co., 934 So. 2d 532 (Fla. 3d DCA 2006).

Published | Florida 3rd District Court of Appeal | 2006 Fla. App. LEXIS 3236, 2006 WL 544542

...de that the policy ... shall constitute the entire contract between the parties.” § 627.454, Fla. Stat. (1999)(emphasis added). Additionally, it is important to distinguish the section at issue, which requires interest for lump sum benefits, with section 627.462, which applies to benefits paid in installments. Section 627.462, which is also one of the enumerated statutes under section 627.452(1), states that “a table showing the amount and period of such installments shall be included in the policy.” § 627.462, Fla. Stat. (1999)(emphasis added). The language of section 627.462 mandates that a table providing for the amount and period of installments be included in the policy....

...Stone’s complaint was properly dismissed. Affirmed. . Section 627.452(1) provides, in relevant part: No policy of life insurance ... shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions as required by ss. 627.453-627.462 inclusive and ss....

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.