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Florida Statute 627.678 - Full Text and Legal Analysis Florida Statute 627.678 | Lawyer Caselaw & Research
Fla. Stat. § 627.678 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
627.678 Rules.—
(1) For the effective protection of the public interest, the commission shall have full power and authority to adopt, and the office shall enforce, separate rules pertaining to issuance and use of each type of credit insurance defined in s. 627.677.
(2) Rules made pursuant to this section shall be principally designed, and shall be promulgated with the purpose of protecting the borrower from excessive charges by or collected through the lender for insurance in relation to the amount of the loan, to avoid duplication or overlapping of insurance coverage and to avoid loss of the borrower’s funds by short-rate cancellation or termination of such insurance. However, nothing in such rules shall be construed to authorize the department, commission, or office to prohibit operation of normal dividend distributions under participating insurance contracts.
History.—s. 597, ch. 59-205; ss. 10, 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 21, ch. 78-95; ss. 2, 3, ch. 81-318; ss. 529, 537, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318; s. 1178, ch. 2003-261.

Cases Citing F.S. 627.678

Fla. Stat. § 627.678 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
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·State v. Beach Blvd Auto., Inc., 139 So. 3d 380 (Fla. 1st DCA 2014).

Cited 5 times | Published | Florida 1st District Court of Appeal | 2014 WL 2040853, 2014 Fla. App. LEXIS 7574

...nce must be disclosed. Section 626.321(1)(e), Florida Statutes (2011), provides that the Department of Financial Services shall issue a qualified applicant a license as an agent authorized to transact a limited class of business in credit insurance. Section 627.678(1), Florida Statutes (2011), provides that “[f]or the effective protection of the public interest, the commission [the Financial Services Commission] shall have full power and authority to adopt, and the office [Office of Insurance...
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Cited as authority(citing case) (2023)
phrase: "rule_authority"
Cited as authorityAllen (2022)
phrase: "rule_authority"
Cited as authorityCounts (2022)
phrase: "rule_authority"
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This Florida statute resource is curated by Florida Bar member Graham W. Syfert, a Jacksonville, Florida personal injury and workers' compensation attorney (Florida Bar No. 39104). Attorney Syfert regularly handles Chapter 627 matters in the context of insurance coverage law and represents clients throughout Northeast Florida. For legal consultation, call 904-383-7448.