Fla. Stat. 627.842
Restrictions on premium finance agreements

(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: Section 627.842 — Restrictions on premium finance agreements, https://www.­flsenate.­gov/Laws/Statutes/2024/0627.­842 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 627.842. Restrictions on premium finance agreements's source at flsenate​.gov