Legal Question in Insurance Law in Florida

A binding contract of insurance

In the state of Florida is a signed application for insurance coverage binding to both the insurance company and the applicant if consideration, premiums, were never paid to the insurance company? (1).If consideration was never paid by the applicant to the insurance company is the applicant liable for the premium after the alledged period of coverage expired? (2).Would the insurance company be liable to cover claims during the alledged coverage period if the applicant had signed the application but failed to pay any premiums to the insurance company?


Asked on 6/11/03, 4:54 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: A binding contract of insurance

1. no

2. no

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Answered on 6/11/03, 6:53 pm


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