Florida Statute 627.507 - Full Text and Legal Analysis

The 2025 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

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Cases Citing Statute 627.507

Total Results: 1

State Farm Florida Insurance Co. v. Phillips

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

District Court of Appeal of Florida | Filed: Feb 14, 2014 | Docket: 60239256

Cited 3 times | Published

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