Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
A Florida settlement is conditioned on the claimant executing a release, and the claimant delays signing. When does interest begin to run?
Answer and explanation
Answer: D. Section 627.4265 provides that where payment is conditioned on execution of a release, interest does not accrue until the executed release is tendered to the insurer. The claimant's own delay therefore does not build up interest, so none of the earlier starting points apply.Source: Fla. Stat. § 627.4265 — 627.4265, Release condition
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