Florida Statutes

Fla. Stat. § 626.99275 (2025)

Prohibited practices; penalties.

✓ 2025 Florida Statutes — current through the 2025 Regular Session

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626.99275 Prohibited practices; penalties.—

(1) It is unlawful for a person to:

(a) Knowingly enter into, broker, or otherwise deal in a viatical settlement contract the subject of which is a life insurance policy, knowing that the policy was obtained by presenting materially false information concerning any fact material to the policy or by concealing, for the purpose of misleading another, information concerning any fact material to the policy, where the viator or the viator’s agent intended to defraud the policy’s issuer.

(b) Knowingly or with the intent to defraud, for the purpose of depriving another of property or for pecuniary gain, issue or use a pattern of false, misleading, or deceptive life expectancies.

(c) Knowingly engage in any transaction, practice, or course of business intending thereby to avoid the notice requirements of s. 626.9924(7).

(d) Knowingly or intentionally facilitate the change of state of residency of a viator to avoid the provisions of this chapter.

(e) Knowingly enter into a viatical settlement contract before the application for or issuance of a life insurance policy that is the subject of a viatical settlement contract or during an applicable period specified in s. 626.99287(1) or (2), unless the viator provides a sworn affidavit and accompanying independent evidentiary documentation in accordance with s. 626.99287.

(f) Engage in a fraudulent viatical settlement act, as defined in s. 626.9911.

(g) Knowingly issue, solicit, market, or otherwise promote the purchase of a life insurance policy for the purpose of or with an emphasis on selling the policy to a third party.

(h) Engage in a stranger-originated life insurance practice, as defined in s. 626.9911.

(2) A person who violates any provision of this section commits:

(a) A felony of the third degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084, if the insurance policy involved is valued at any amount less than $20,000.

(b) A felony of the second degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084, if the insurance policy involved is valued at $20,000 or more, but less than $100,000.

(c) A felony of the first degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084, if the insurance policy involved is valued at $100,000 or more.

History.—s. 11, ch. 99-212; s. 9, ch. 2000-344; s. 53, ch. 2001-63; s. 28, ch. 2005-237; s. 8, ch. 2017-178.

Arrestable Offenses under F.S. 626.99275

M = misdemeanor · F = felony · degree: F=1st S=2nd T=3rd

§626.99275(1a)FRAUD-FALSE STATEMENTVIATICAL INSUR OBT W FALSE INFO K-0KF · 2nd

§626.99275(1a)FRAUD-FALSE STATEMENTBROKER VIATCL SETTLEMT OBT W FALSE INFO 0K+F · 1st

§626.99275(1a)FRAUD-FALSE STATEMENTBROKER VIATCL SETTLEMT OBT FALSE INFO LT KF · 3rd

§626.99275(1b)FRAUDREVISED SEE REC# 5924F · 3rd

§626.99275(1b)FRAUDREVISED SEE REC# 5925F · 2nd

§626.99275(1b)FRAUDREVISED SEE REC# 5926F · 1st

§626.99275(1b)FRAUDVIATICAL INS USE FALSE LIFE EXPECTANCY LT KF · 3rd

§626.99275(1b)FRAUDVIATICAL USE FALSE LIFE EXPECTANCY K-0KF · 2nd

§626.99275(1b)FRAUDVIATICAL INS USE FALSE LIFE EXPECTANCY 0K+F · 1st

§626.99275(1c)PUBLIC ORDER CRIMESRENUMBERED. SEE REC #10585F · 3rd

§626.99275(1c)FRAUDVIOLATE VIATICAL NOTICE REGULATIONS LT KF · 3rd

§626.99275(1c)PUBLIC ORDER CRIMESRENUMBERED. SEE REC #10584F · 2nd

§626.99275(1c)FRAUDVIOLATE VIATICAL NOTICE REGULATIONS K-0KF · 2nd

§626.99275(1c)PUBLIC ORDER CRIMESRENUMBERED. SEE REC #10583F · 1st

§626.99275(1c)FRAUDVIOL VIATICAL NOTICE REGULATIONS 0K+F · 1st

§626.99275(1d)PUBLIC ORDER CRIMESRENUMBERED. SEE REC #10588F · 3rd

§626.99275(1d)FRAUDCHANGE STATE RESIDENCY AVOID VIAT REQS LT KF · 3rd

§626.99275(1d)PUBLIC ORDER CRIMESRENUMBERED. SEE REC #10587F · 2nd

§626.99275(1d)FRAUDCHANGE STATE RESID AVOID VIAT REQS K-0KF · 2nd

§626.99275(1d)PUBLIC ORDER CRIMESRENUMBERED. SEE REC #10586F · 1st

§626.99275(1d)FRAUDCHANGE STATE RESIDENCY AVOID VIAT REQS 0K+F · 1st

§626.99275(1e)FRAUDENTER VIATICAL CONT W/O ISSUE L/I PLCY LT KF · 3rd

§626.99275(1e)FRAUDENTER VIAT CONT W/O ISSUE L/I PLCY K-0KF · 2nd

§626.99275(1e)FRAUDENTR VIAT CONTRACT W/O ISSUE L/I POLICY 0K+F · 1st

§626.99275(1f)FRAUDENGAGE FRAUD VIATICAL SETTLEMENT ACT LT KF · 3rd

§626.99275(1f)FRAUDENGAGE FRAUD VIATICAL SETTLEMNT ACT K-0KF · 2nd

§626.99275(1f)FRAUDENGAGE FRAUD VIATICAL SETTLEMENT ACT 0K+F · 1st

§626.99275(1g)FRAUDPROMOTE L/I POLICY SELL TO 3RD PARTY LT KF · 3rd

§626.99275(1g)FRAUDPROMOTE L/I POLICY SELL TO 3RD PRTY K-0KF · 2nd

§626.99275(1g)FRAUDPROMOTE L/I POLICY SELL TO 3RD PRTY 0K+F · 1st

§626.99275(1h)FRAUDENGAGE STRANGER ORIGINATED L/I PRACTICE 0K+F · 1st

§626.99275(1h)FRAUDENGAGE STRANGER ORIGINATE L/I PRACTICE LT KF · 3rd

§626.99275(1h)FRAUDENG STRANGER ORIGINATE L/I PRACTICE K-0KF · 2nd

Notes of Decisions

Cited in 2 cases, 2007–2010 · leading case: Am. United Life Ins. v. Martinez, 480 F.3d 1043 (11th Cir. 2007).

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Am. United Life Ins. v. Martinez, 480 F.3d 1043 (11th Cir. 2007). · cites it 6× “5 *1051 More specifically, insurers VFL, Reassure, Jefferson Pilot and AUL asserted that MBC violated the FVSA, Fla. Stat. § 626.99275 (l)(a), when it entered into viatical settlement agreements with policyholders Mullins, Johnson, Metoyer and Bu-chner (counts I, VI, X, and XVI).”

Coventry First, LLC v. State, Off. of Ins. Reg., 38 So. 3d 200 (Fla. 1st DCA 2010). · cites it 2× “Pursuant to section 626.99275(1)(d), Florida Statutes, “[i]t is unlawful for any person: .”

— 626.99275(1)(d) — 1 case

Coventry First, LLC v. State, Off. of Ins. Reg., 38 So. 3d 200 (Fla. 1st DCA 2010). “Pursuant to section 626.99275(1)(d), Florida Statutes, “[i]t is unlawful for any person: .”

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