Florida Statutes
Fla. Stat. § 627.031 (2025)
Purposes of this part; interpretation.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
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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.
Notes of Decisions
Cited in 9
cases, 1966–2008 · leading case: State, Dept. of Ins. v. Ins. Servs. Off., 434 So. 2d 908 (Fla. 1st DCA 1983).
State, Dept. of Ins. v. Ins. Servs. Off., 434 So. 2d 908 (Fla. 1st DCA 1983). “03, it implemented Section 627.031(1)(a), Florida Statutes (1979), which provides that it is the purpose of the Insurance Code to ".”
Allstate Floridian v. Off. of Ins. Reg., 981 So. 2d 617 (Fla. 1st DCA 2008). “ Section 627.031(1)-(2), Florida Statutes Stating the purpose of the insurance rating law is to "promote the public welfare" by regulating insurance rates to ensure they are not excessive, inadequate or unfairly discriminatory, and to "protect policyholders and the public…”
Fortune Ins. Co. v. Dep't of Ins., 664 So. 2d 312 (Fla. 1st DCA 1995). “The purposes of the law are stated in section 627.031, as follows: 627.031 Purposes of this part; interpretation.”
Nationwide Mut. Ins. Co. v. Williams, 188 So. 2d 368 (Fla. 1st DCA 1966). “WIGGINTON and JOHNSON, JJ., concur. NOTES [1] Section 627.”
John Deere Ins. Co. v. State, Dep't of Ins., 463 So. 2d 385 (Fla. 1st DCA 1985). “066 is not reasonably related to the legislative goal of protecting policyholders from exorbitantly high rates.”
Travelers Indem. Co. v. Williams, 190 So. 2d 27 (Fla. 1st DCA 1966). “” From our review of the record, and after carefully considering the contentions advanced by appellants, we cannot say that the judgment exercised by the Commissioner in this case and the conclusions reached by him on the record are either erroneous as a matter of law, find no…”
Home Guar. Ins. v. Numerica Fin. Servs., Inc., 835 F.2d 1354 (11th Cir. 1988). “” Fla.Stat. § 627.031 (1985). Section 627.409 in particular clearly exists for this purpose.”
Chrysler v. United Serv. Auto. Ass'n, 625 So. 2d 69 (Fla. 1st DCA 1993). “See § 627.031(1), Fla. Stat. (1991). NOTES [1] Sturiano v.”
In re Request for Increase in Ins. Premiums by Nat'l Auto. Underwriters Ass'n, 184 So. 2d 901 (Fla. 1st DCA 1966). “See Section 627.031, Florida Statutes, F.S.A.”
— 627.031(1) — 2 cases
Allstate Floridian v. Off. of Ins. Reg., 981 So. 2d 617 (Fla. 1st DCA 2008). “ Section 627.031(1)-(2), Florida Statutes Stating the purpose of the insurance rating law is to "promote the public welfare" by regulating insurance rates to ensure they are not excessive, inadequate or unfairly discriminatory, and to "protect policyholders and the public…”
Chrysler v. United Serv. Auto. Ass'n, 625 So. 2d 69 (Fla. 1st DCA 1993). “See § 627.031(1), Fla. Stat. (1991). NOTES [1] Sturiano v.”
— 627.031(1)(a) — 1 case
State, Dept. of Ins. v. Ins. Servs. Off., 434 So. 2d 908 (Fla. 1st DCA 1983). “03, it implemented Section 627.031(1)(a), Florida Statutes (1979), which provides that it is the purpose of the Insurance Code to ".”
— 627.031(2) — 2 cases
Allstate Floridian v. Off. of Ins. Reg., 981 So. 2d 617 (Fla. 1st DCA 2008). “ Section 627.031(1)-(2), Florida Statutes Stating the purpose of the insurance rating law is to "promote the public welfare" by regulating insurance rates to ensure they are not excessive, inadequate or unfairly discriminatory, and to "protect policyholders and the public…”
John Deere Ins. Co. v. State, Dep't of Ins., 463 So. 2d 385 (Fla. 1st DCA 1985). “066 is not reasonably related to the legislative goal of protecting policyholders from exorbitantly high rates.”
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