§ 624.6085, Fla. Stat. · Part V. KINDS OF INSURANCE;LIMITS OF RISK; REINSURANCE
“Collateral protection insurance” defined.
Text — 2026 Florida Statutes
For purposes of ss. 215.555, 627.311, and 627.351, “collateral protection insurance” means commercial property insurance under which a creditor is the primary beneficiary and policyholder and which protects or covers an interest of the creditor arising out of a credit transaction secured by real or personal property. Initiation of such coverage is triggered by the mortgagor’s failure to maintain insurance coverage as required by the mortgage or other lending document. Collateral protection insurance is not residential coverage.
Notes and commentary — not statutory text
History
s. 10, ch. 99-204.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0624/0624.html
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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
The Florida Statutes
- § 215.555, Fla. Stat.Florida Hurricane Catastrophe Fund.Printed as ss. 215.555, 627.311, and 627.351
- § 627.311, Fla. Stat.Joint underwriters and joint reinsurers; public records and public meetings exemptions.Printed as ss. 215.555, 627.311, and 627.351
- § 627.351, Fla. Stat.Insurance risk apportionment plans.Printed as ss. 215.555, 627.311, and 627.351
Cited by 3 provisions
Provisions in this library whose text cites § 624.6085, Fla. Stat.. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.