# Florida — Life insurance premium grace periods and lapse protections by US state

For Florida, minimum grace period is a grace period of not less than 30 days within which payment of any premium after the first may be made; policies covered is Every insurance contract; notice / additional protections is The payment may, at the option of the insurer, be subject to an interest charge not in excess of 8 percent per year for the number of days of grace elapsing before the payment of the premium, during which period of grace the policy shall continue in force. If the policy becomes a claim during the grace period before the overdue premium is paid, the amount of such premium or premiums with interest not in excess of 8 percent per year thereon may be deducted in any settlement under the policy. The fetched section states no notice-before-lapse, designated-third-party, or senior-specific protections; statute citation is Fla. Stat. § 627.453, recorded from its source on 2026-08-17.

- **State:** Florida _(our reading, not quoted from the source)_
- **Minimum grace period:** a grace period of not less than 30 days within which payment of any premium after the first may be made _(verified: appears in the quote below)_
- **Policies covered:** Every insurance contract _(verified: appears in the quote below)_
- **Notice / additional protections:** The payment may, at the option of the insurer, be subject to an interest charge not in excess of 8 percent per year for the number of days of grace elapsing before the payment of the premium, during which period of grace the policy shall continue in force. If the policy becomes a claim during the grace period before the overdue premium is paid, the amount of such premium or premiums with interest not in excess of 8 percent per year thereon may be deducted in any settlement under the policy. The fetched section states no notice-before-lapse, designated-third-party, or senior-specific protections.
- **Statute citation:** Fla. Stat. § 627.453 _(our reading, not quoted from the source)_

## What the source says

> Every insurance contract shall provide that the insured is entitled to a grace period of not less than 30 days within which payment of any premium after the first may be made.

## Source

- http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0627/Sections/0627.453.html

Last verified: 2026-08-17. Review by: 2027-08-17.
Part of [Life insurance premium grace periods and lapse protections by US state](https://referencesource.org/life-insurance-grace-periods-by-state/).