The 2023 Florida Statutes (including Special Session C)

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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F.S. 627.031

627.031 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.

F.S. 627.031 on Google Scholar

F.S. 627.031 on Casetext

Amendments to 627.031

Arrestable Offenses / Crimes under Fla. Stat. 627.031

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 627.031.

Annotations, Discussions, Cases:

Cases from cite.case.law:

ALL STATE FLORIDIAN INSURANCE COMPANY v. OFFICE OF INSURANCE REGULATION,, 981 So. 2d 617 (Fla. Dist. Ct. App. 2008)

. . . . • Section 627.031(l)-(2), Florida Statutes — Stating the purpose of the insurance rating law is to . . . (emphasis added). • Section 627.031(2), Florida Statutes— Mandating that, if OIR has reason to believe . . .

C. DEHOYOS H. v. ALLSTATE CORPORATION s, 345 F.3d 290 (5th Cir. 2003)

. . . Stat. ch. 627.031(2) (2002). . . .

In IONOSPHERE CLUBS, INC. EASTERN AIR LINES, INC. v. INSURANCE COMPANY OF STATE OF PENNSYLVANIA,, 85 F.3d 992 (2d Cir. 1996)

. . . . § 627.031(2). . . .

In IONOSPHERE CLUBS, INC. EASTERN AIR LINES, INC. v. INSURANCE COMPANY OF STATE OF PENNSYLVANIA,, 85 F.3d 992 (2d Cir. 1996)

. . . . § 627.031(2). . . .

FORTUNE INSURANCE COMPANY, v. DEPARTMENT OF INSURANCE,, 664 So. 2d 312 (Fla. Dist. Ct. App. 1995)

. . . The purposes of the law are stated in section 627.031, as follows: 627.031 Purposes of this part; interpretation . . .

HOME GUARANTY INSURANCE CORPORATION, a v. NUMERICA FINANCIAL SERVICES, INC. a, 835 F.2d 1354 (11th Cir. 1988)

. . . . § 627.031 (1985). Section 627.409 in particular clearly exists for this purpose. . . .

JOHN DEERE INSURANCE COMPANY, v. STATE DEPARTMENT OF INSURANCE,, 463 So. 2d 385 (Fla. Dist. Ct. App. 1985)

. . . Section 627.031(2), Florida Statutes. . . .

STATE DEPARTMENT OF INSURANCE, v. INSURANCE SERVICES OFFICE, s, 434 So. 2d 908 (Fla. Dist. Ct. App. 1983)

. . . Hence, the Department contends that in promulgating Rule 4-43.03, it implemented Section 627.031(l)(a . . . and 626.9611, Florida Statutes (1979); and as the laws being implemented Sections 626.-9541(15)(h), 627.031 . . .

TRAVELERS INDEMNITY COMPANY v. WILLIAMS,, 190 So. 2d 27 (Fla. Dist. Ct. App. 1966)

. . . . § 627.031, V.S.A. . F.S. § 627.091, F.S.A. . Massachusetts Bond. & Ins. Co, v. . . .

NATIONWIDE MUTUAL INSURANCE COMPANY v. WILLIAMS,, 188 So. 2d 368 (Fla. Dist. Ct. App. 1966)

. . . .: “(1) All final rulings, orders or decisions of the commissioner under part I of this chapter (§§ 627.031 . . .

In NATIONAL AUTOMOBILE UNDERWRITERS ASSOCIATION., 184 So. 2d 901 (Fla. Dist. Ct. App. 1966)

. . . See Section 627.031, Florida Statutes, F.S.A. providing the interpretation to be given to Part I of chapter . . .