Florida § 1009.84 Procurement of insurance as security for loans

Florida Statutes

§ 1009.84 — Procurement of insurance as security for loans

Florida § 1009.84

TitleXLVIII

Ch. 1009EDUCATIONAL SCHOLARSHIPS, FEES, AND FINANCIAL ASSISTANCE

This text of Florida § 1009.84 (Procurement of insurance as security for loans) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 1009.84 (2026).

Text

The Department of Education may contract with any insurance company or companies licensed to do business in the state for insurance payable in the event of the death or total disability of any student borrower in an amount sufficient to retire the principal and interest owed under a loan made as provided in ss. 1009.78-1009.88. The cost of any insurance purchased under this section shall be paid by the student borrower as a part of the handling charges for the loan or as a separate item to be paid in connection with the loan.

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The Department of Education may contract with any insurance company or companies licensed to do business in the state for insurance payable in the event of the death or total disability of any student borrower in an amount sufficient to retire the principal and interest owed under a loan made as provided in ss. 1009.78-1009.88. The cost of any insurance purchased under this section shall be paid by the student borrower as a part of the handling charges for the loan or as a separate item to be paid in connection with the loan.