Florida Statute 627.031 | Lawyer Caselaw & Research

The 2024 Florida Statutes

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.

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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 Citing Statute 627.031

Total Results: 11

ALLSTATE FLORIDIAN v. Office of Ins. Reg.

Court: District Court of Appeal of Florida | Date Filed: 2008-05-14

Citation: 981 So. 2d 617

Snippet: Mandating OIR enforce the insurance code. Section 627.031(1)-(2), Florida Statutes Stating the purpose

Fortune Ins. Co. v. Department of Ins.

Court: District Court of Appeal of Florida | Date Filed: 1995-12-08

Citation: 664 So. 2d 312, 1995 Fla. App. LEXIS 12631, 1995 WL 722932

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

Chrysler Credit Corp. v. United Services Automobile Ass'n

Court: District Court of Appeal of Florida | Date Filed: 1993-09-22

Citation: 625 So. 2d 69, 1993 Fla. App. LEXIS 9485

Snippet: insur-*76anee regulation in chapter 627. See § 627.-031(1), Fla.Stat. (1991). . Sturiano v. Brooks, 523

Chrysler v. UNITED SERV. AUTO. ASS'N

Court: District Court of Appeal of Florida | Date Filed: 1993-09-22

Citation: 625 So. 2d 69

Snippet: insurance *76 regulation in chapter 627. See § 627.031(1), Fla. Stat. (1991). NOTES [1] Sturiano v. Brooks

John Deere Insurance Co. v. State, Department of Insurance

Court: District Court of Appeal of Florida | Date Filed: 1985-01-24

Citation: 463 So. 2d 385, 10 Fla. L. Weekly 239, 1985 Fla. App. LEXIS 14102

Snippet: effects of excessive ... insurance rates”. Section 627.031(2), Florida Statutes. A similar argument was raised

State, Dept. of Ins. v. Ins. Services Office

Court: District Court of Appeal of Florida | Date Filed: 1983-05-03

Citation: 434 So. 2d 908

Snippet: promulgating Rule 4-43.03, it implemented Section 627.031(1)(a), Florida Statutes (1979), which provides

Bowling v. Department of Ins.

Court: District Court of Appeal of Florida | Date Filed: 1981-02-13

Citation: 394 So. 2d 165, 17 A.L.R. 4th 1090, 1981 Fla. App. LEXIS 19509

Snippet: and Ch. 24086, Sec. 13, Fla.Laws (1947), Section 627.31, Florida Statutes (1951), Section 634.21, Florida

Travelers Indemnity Co. v. Williams

Court: District Court of Appeal of Florida | Date Filed: 1966-08-11

Citation: 190 So. 2d 27, 1966 Fla. App. LEXIS 4852

Snippet: concur. . F.S. § 027.391, F.S.A. . BIS. § 627.031, V.S.A. . F.S. § 627.091, F.S.A. . Massachusetts

Nationwide Mutual Insurance Company v. Williams

Court: District Court of Appeal of Florida | Date Filed: 1966-07-07

Citation: 188 So. 2d 368

Snippet: commissioner under part I of this chapter (§§ 627.031 through 627.391) shall be subject to review by

In re Request for Increase in Insurance Premiums by National Automobile Underwriters Ass'n

Court: District Court of Appeal of Florida | Date Filed: 1966-04-07

Citation: 184 So. 2d 901, 1966 Fla. App. LEXIS 5759

Snippet: Inter-venor’s motion to stay is granted. See Section 627.031, Florida Statutes, F.S.A. providing the interpretation

Conner v. Elliott

Court: Supreme Court of Florida | Date Filed: 1920-01-15

Citation: 79 Fla. 513

Snippet: Chapman v. Robertson, 6 Paige’s Chancery (N. Y.) 627, 31 Am. Dec. 264; McGoon v. Scales, 9 Wall. (U. S.)