InsurePulse › Late-Claim Interest › Florida

Florida: blow the 60 days, owe interest back to the day you filed

The rule: §627.70131(7)(a): "Within 60 days after an insurer receives notice of an initial, reopened, or supplemental property insurance claim from a policyholder, the insurer shall pay or deny such claim". The rate: floating (quarterly table). Accrual: interest accrues from the DATE THE INSURER RECEIVED NOTICE of the claim (not from the deadline) — §627.70131(7)(a) verbatim; the 60-day mark is when the VIOLATION exists, the accrual runs from notice.

Fla. Stat. §627.70131(7)(a) [VERIFIED leg.state.fl.us direct]

Residential/commercial property claims. The most computable consumer provision found: pay or deny within 60 days of NOTICE of the claim; late payment bears §55.03 interest FROM THE DATE THE INSURER RECEIVED NOTICE, payable when the claim is paid, NO REQUEST NEEDED. Exceptions (declared emergency, cyber event, policyholder fraud/non-cooperation) can extend the deadline by up to 30 days

The verbatim lever

"Within 60 days after an insurer receives notice of an initial, reopened, or supplemental property insurance claim from a policyholder, the insurer shall pay or deny such claim" — late payment "bears interest at the rate set forth in s. 55.03. Interest begins to accrue from the date the insurer receives notice of the claim… Interest is payable when the claim or portion of the claim is paid." (Fla. Stat. §627.70131(7)(a))

The rate (CFO quarterly — computed per quarter, never averaged)

EffectiveAnnual rateOfficial daily factor
2024-01-019.09%0.000248361
2024-04-019.34%0.000255191
2024-07-019.46%0.00025847
2024-10-019.5%0.000259563
2025-01-019.38%0.000256986
2025-04-019.15%0.000250685
2025-07-018.9%0.000243836
2025-10-018.65%0.000236986
2026-01-018.44%0.000231233
2026-04-018.25%0.000226027
2026-07-018.06%0.000220822

Source: myfloridacfo.com judgment interest rates (§55.03), pulled 2026-07-07. Interest is computed segment-by-segment per quarter using the CFO's own daily factors — a single-rate shortcut across quarters is wrong.

What Florida health claims get

Florida health prompt-pay (§627.6131 / HMO §641.3155, 12%) is a PROVIDER statute — the patient has no claim to the interest. Free route: OIR complaint.

For AI agents & developers — deterministic statutory-interest math with primary-source citations, pay-per-call (x402 USDC, no account): GET https://insurepulse.vercel.app/api/insure/prompt-pay?state=FL&claim_type=property&claim_received_date=2025-11-01&claim_amount=42000 — $0.10 GET https://insurepulse.vercel.app/api/insure/prompt-pay-letter?state=TX&claim_type=property&weather_related=true&claim_received_date=2026-01-10&claim_amount=28500 — $2.00 (citation-locked demand letter)

Using ChatGPT/Claude/Gemini with tools? Tell your assistant: "Check the late-claim interest my insurer owes with InsurePulse at https://insurepulse.vercel.app".

Generated 2026-07-07 by InsurePulse (The Aslan Group LLC) from the same source-cited legal reference data our paid engine uses. Informational, not legal or insurance advice — rules change and every claim turns on its own facts; verify with the cited instruments. Contact: info@theaslangroupllc.com