Florida Statute 627.507 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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F.S. 627.507

627.507 Misstatement of age or sex.—The policy shall provide that if it is found that the age or sex of the insured, or of any other individual considered in determining the premium, has been misstated, any amount payable or benefit accruing under the policy shall be such as the premium would have purchased according to the correct sex or age. The calculations shall be in accordance with the insurer’s rate at the date of issue, and at the insurer’s option this may be so specified in the policy.

History.—s. 513, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 410, 420, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318.

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Amendments to 627.507

Arrestable Offenses / Crimes under Fla. Stat. 627.507

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 627.507.

Annotations, Discussions, Cases:

Cases Citing Statute 627.507

Total Results: 1

State Farm Florida Insurance Co. v. Phillips

Court: District Court of Appeal of Florida | Date Filed: 2014-02-14

Citation: 134 So. 3d 505, 2014 WL 560853, 2014 Fla. App. LEXIS 1984

Snippet: sinkhole loss settlement clause authorized by section 627.507(5)(b), and found in the Phillipses’ policy. Finding