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The 2025 Florida Statutes
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F.S. 627.031627.031 Purposes of this part; interpretation.—(1) The purposes of this part are:(a) To promote the public welfare by regulating insurance rates as herein provided to the end that they shall not be excessive, inadequate, or unfairly discriminatory; (b) To encourage independent action by, and reasonable price competition among, insurers; (c) To authorize the existence and operation of qualified rating organizations and advisory organizations and to require that specified rating services of such rating organizations be generally available to all authorized insurers; and (d) To authorize cooperation between insurers in ratemaking and other related matters. (2) It is the purpose of this part to protect policyholders and the public against the adverse effects of excessive, inadequate, or unfairly discriminatory insurance rates, and to authorize the office to regulate such rates. If at any time the office has reason to believe any such rate is excessive, inadequate, or unfairly discriminatory under the law, it is directed to take the necessary action to cause such rate to comply with the laws of this state. (3) Nothing in this part shall be construed to repeal or modify the provisions of part IX of chapter 626, relating to unfair trade practices. History.—s. 411, ch. 59-205; s. 1, ch. 67-9; ss. 13, 35, ch. 69-106; s. 1, ch. 71-3(B); s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 338, 357, 809(2nd), ch. 82-243; ss. 49, 79, ch. 82-386; s. 28, ch. 87-228; s. 114, ch. 92-318; s. 54, ch. 2001-63; s. 1061, ch. 2003-261.
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Annotations, Discussions, Cases:
Cases Citing Statute 627.031
Total Results: 10
394 So. 2d 165, 17 A.L.R. 4th 1090, 1981 Fla. App. LEXIS 19509
District Court of Appeal of Florida | Filed: Feb 13, 1981 | Docket: 1315581
Cited 32 times | Published
621(4); and Ch. 24086, Sec. 13, Fla.Laws (1947), Section 627.31, Florida Statutes (1951), Section 634.21, Florida
434 So. 2d 908
District Court of Appeal of Florida | Filed: May 3, 1983 | Docket: 2534128
Cited 18 times | Published
promulgating Rule 4-43.03, it implemented Section 627.031(1)(a), Florida Statutes (1979), which provides
981 So. 2d 617, 2008 WL 2048349
District Court of Appeal of Florida | Filed: May 14, 2008 | Docket: 1515665
Cited 4 times | Published
Mandating OIR enforce the insurance code.
Section 627.031(1)-(2), Florida Statutes Stating the purpose
664 So. 2d 312, 1995 Fla. App. LEXIS 12631, 1995 WL 722932
District Court of Appeal of Florida | Filed: Dec 8, 1995 | Docket: 1656075
Cited 4 times | Published
(1986). The purposes of the law are stated in section 627.031, as follows:
627.031 Purposes of this part;
625 So. 2d 69
District Court of Appeal of Florida | Filed: Sep 22, 1993 | Docket: 1517533
Cited 3 times | Published
insurance *76 regulation in chapter 627. See § 627.031(1), Fla. Stat. (1991).
NOTES
[1] Sturiano v.
625 So. 2d 69, 1993 Fla. App. LEXIS 9485
District Court of Appeal of Florida | Filed: Sep 22, 1993 | Docket: 64743300
Published
insur-*76anee regulation in chapter 627. See § 627.-031(1), Fla.Stat. (1991).
. Sturiano v. Brooks,
835 F.2d 1354
Court of Appeals for the Eleventh Circuit | Filed: Jan 19, 1988 | Docket: 66231311
Published
“protect policyholders and the public.” Fla.Stat. § 627.031 (1985). Section 627.409 in particular clearly
463 So. 2d 385, 10 Fla. L. Weekly 239, 1985 Fla. App. LEXIS 14102
District Court of Appeal of Florida | Filed: Jan 24, 1985 | Docket: 64609861
Published
effects of excessive ... insurance rates”. Section 627.031(2), Florida Statutes. A similar argument was
190 So. 2d 27, 1966 Fla. App. LEXIS 4852
District Court of Appeal of Florida | Filed: Aug 11, 1966 | Docket: 64498056
Published
, concur.
. F.S. § 027.391, F.S.A.
. BIS. § 627.031, V.S.A.
. F.S. § 627.091, F.S.A.
. Massachusetts
184 So. 2d 901, 1966 Fla. App. LEXIS 5759
District Court of Appeal of Florida | Filed: Apr 7, 1966 | Docket: 64496325
Published
Inter-venor’s motion to stay is granted. See Section 627.031, Florida Statutes, F.S.A. providing the interpretation
