Florida Statute 626.99275 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 626
INSURANCE FIELD REPRESENTATIVES AND OPERATIONS

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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.

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Amendments to 626.99275

Annotations, Discussions, Cases:

Arrestable Offenses / Crimes under Fla. Stat. 626.99275

Level: Degree
Misdemeanor/Felony: First/Second/Third

S626.99275 1a - FRAUD-FALSE STATEMENT - VIATICAL INSUR OBT W FALSE INFO $20K-$100K - F: S

S626.99275 1a - FRAUD-FALSE STATEMENT - BROKER VIATCL SETTLEMT OBT W FALSE INFO $100K+ - F: F

S626.99275 1a - FRAUD-FALSE STATEMENT - BROKER VIATCL SETTLEMT OBT FALSE INFO LT $20K - F: T

S626.99275 1b - FRAUD - REVISED SEE REC# 5924 - F: T

S626.99275 1b - FRAUD - REVISED SEE REC# 5925 - F: S

S626.99275 1b - FRAUD - REVISED SEE REC# 5926 - F: F

S626.99275 1b - FRAUD - VIATICAL INS USE FALSE LIFE EXPECTANCY LT $20K - F: T

S626.99275 1b - FRAUD - VIATICAL USE FALSE LIFE EXPECTANCY $20K-$100K - F: S

S626.99275 1b - FRAUD - VIATICAL INS USE FALSE LIFE EXPECTANCY $100K+ - F: F

S626.99275 1c - PUBLIC ORDER CRIMES - RENUMBERED. SEE REC #10585 - F: T

S626.99275 1c - FRAUD - VIOLATE VIATICAL NOTICE REGULATIONS LT $20K - F: T

S626.99275 1c - PUBLIC ORDER CRIMES - RENUMBERED. SEE REC #10584 - F: S

S626.99275 1c - FRAUD - VIOLATE VIATICAL NOTICE REGULATIONS $20K-$100K - F: S

S626.99275 1c - PUBLIC ORDER CRIMES - RENUMBERED. SEE REC #10583 - F: F

S626.99275 1c - FRAUD - VIOL VIATICAL NOTICE REGULATIONS $100K+ - F: F

S626.99275 1d - PUBLIC ORDER CRIMES - RENUMBERED. SEE REC #10588 - F: T

S626.99275 1d - FRAUD - CHANGE STATE RESIDENCY AVOID VIAT REQS LT $20K - F: T

S626.99275 1d - PUBLIC ORDER CRIMES - RENUMBERED. SEE REC #10587 - F: S

S626.99275 1d - FRAUD - CHANGE STATE RESID AVOID VIAT REQS $20K-$100K - F: S

S626.99275 1d - PUBLIC ORDER CRIMES - RENUMBERED. SEE REC #10586 - F: F

S626.99275 1d - FRAUD - CHANGE STATE RESIDENCY AVOID VIAT REQS $100K+ - F: F

S626.99275 1e - FRAUD - ENTER VIATICAL CONT W/O ISSUE L/I PLCY LT $20K - F: T

S626.99275 1e - FRAUD - ENTER VIAT CONT W/O ISSUE L/I PLCY $20K-$100K - F: S

S626.99275 1e - FRAUD - ENTR VIAT CONTRACT W/O ISSUE L/I POLICY $100K+ - F: F

S626.99275 1f - FRAUD - ENGAGE FRAUD VIATICAL SETTLEMENT ACT LT $20K - F: T

S626.99275 1f - FRAUD - ENGAGE FRAUD VIATICAL SETTLEMNT ACT $20K-$100K - F: S

S626.99275 1f - FRAUD - ENGAGE FRAUD VIATICAL SETTLEMENT ACT $100K+ - F: F

S626.99275 1g - FRAUD - PROMOTE L/I POLICY SELL TO 3RD PARTY LT $20K - F: T

S626.99275 1g - FRAUD - PROMOTE L/I POLICY SELL TO 3RD PRTY $20K-$100K - F: S

S626.99275 1g - FRAUD - PROMOTE L/I POLICY SELL TO 3RD PRTY $100K+ - F: F

S626.99275 1h - FRAUD - ENGAGE STRANGER ORIGINATED L/I PRACTICE $100K+ - F: F

S626.99275 1h - FRAUD - ENGAGE STRANGER ORIGINATE L/I PRACTICE LT $20K - F: T

S626.99275 1h - FRAUD - ENG STRANGER ORIGINATE L/I PRACTICE $20K-$100K - F: S

Cases Citing Statute 626.99275

Total Results: 2

American United Life Insurance v. Martinez

480 F.3d 1043, 2007 U.S. App. LEXIS 5274, 2007 WL 677729

Court of Appeals for the Eleventh Circuit | Filed: Mar 7, 2007 | Docket: 90209

Cited 311 times | Published

asserted that MBC violated the FVSA, Fla. Stat. § 626.99275(l)(a), when it entered into viatical settlement

Coventry First, LLC v. State, Office of Insurance Regulation

38 So. 3d 200, 2010 WL 2292928

District Court of Appeal of Florida | Filed: Jun 9, 2010 | Docket: 1182182

Cited 3 times | Published

properly identified as such. Pursuant to section 626.99275(1)(d), Florida Statutes, "[i]t is unlawful

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. For legal consultation, call 904-383-7448.