Florida Statutes
Fla. Stat. § 627.7711 (2025)
Definitions.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
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627.7711 Definitions.—As used in this part, the term:
(1)(a) “Closing services” means services performed by a licensed title insurer, title insurance agent or agency, or attorney agent in the agent’s or agency’s capacity as such, including, but not limited to, preparing documents necessary to close the transaction, conducting the closing, or handling the disbursing of funds related to the closing in a real estate closing transaction in which a title insurance commitment or policy is to be issued.
(b) “Primary title services” means determining insurability in accordance with sound underwriting practices based upon evaluation of a reasonable title search or a search of the records of a Uniform Commercial Code filing office and such other information as may be necessary, determination and clearance of underwriting objections and requirements to eliminate risk, preparation and issuance of a title insurance commitment setting forth the requirements to insure, and preparation and issuance of the policy. Such services do not include closing services or title searches, for which a separate charge or separate charges may be made.
(2) “Premium” means the charge, as specified by rule of the commission, which is made by a title insurer for a title insurance policy, including the charge for performance of primary title services by a title insurer or title insurance agent or agency, and incurring the risks incident to such policy, under the several classifications of title insurance contracts and forms. As used in this part or in any other law, with respect to title insurance, the word “premium” does not include a commission.
(3) “Title insurer” means any domestic company organized and authorized to do business under the provisions of chapter 624, for the purpose of issuing title insurance, or any insurer organized under the laws of another state, the District of Columbia, or a foreign country and holding a certificate of authority to transact business in this state, for the purpose of issuing title insurance.
(4) “Title search” means the compiling of title information from official or public records.
History.—ss. 575, 809(2nd), ch. 82-243; s. 79, ch. 82-386; ss. 88, 114, ch. 92-318; s. 6, ch. 99-286; s. 1200, ch. 2003-261; s. 2, ch. 2005-153; s. 3, ch. 2007-44; s. 20, ch. 2014-38; s. 6, ch. 2014-132.
Notes of Decisions
Cited in 5
cases (1 in the last 5 years), 1984–2022 · leading case: Chicago Title Ins. Co. v. Butler, 770 So. 2d 1210 (Fla. 2000).
Chicago Title Ins. Co. v. Butler, 770 So. 2d 1210 (Fla. 2000). “See § 627.7711, Fla. Stat. (1997). [8] Under the Insurance Code and administrative rules in effect at the time Butler filed suit, for policies sold by agents, title insurers are guaranteed thirty percent of the risk premium and title insurance agents retain the remaining seventy…”
Commonwealth Land Title Ins. Co. v. Higgins, 975 So. 2d 1169 (Fla. 1st DCA 2008). “See § 627.7711(3), Fla. Stat. (2003). The respondents allege that they were entitled to receive the statutory reissue premium rate for title insurance from Commonwealth, pursuant to section 627.”
Preferred Title Ser. v. Seven Seas Resort, 458 So. 2d 884 (Fla. 5th DCA 1984). “The issuance of title insurance is a legitimate business and is regulated by section 627.7711 627.7865, Florida Statutes.”
Stewart Info. Servs. Corp. v. Great Am. Ins., 997 F. Supp. 2d 650 (S.D. Tex. 2014). “Fla. Stat. § 627.7711 (1)(b). Under the statute, a “title insurance agent” is a “person appointed in writing by a title insurer to issue and countersign commitments or policies of title insurance on its behalf.”
RLI Ins. Co. v. Coastline Title of Pinellas, LLC (M.D. Fla. 2022). “See § 627.7711, Fla. Stat. But whether RLI has a duty to defend Coastline depends on the allegations in the complaint, not whether the legal theory holds water.”
— 627.7711(1) — 1 case
Chicago Title Ins. Co. v. Butler, 770 So. 2d 1210 (Fla. 2000). “See § 627.7711, Fla. Stat. (1997). [8] Under the Insurance Code and administrative rules in effect at the time Butler filed suit, for policies sold by agents, title insurers are guaranteed thirty percent of the risk premium and title insurance agents retain the remaining seventy…”
— 627.7711(3) — 1 case
Commonwealth Land Title Ins. Co. v. Higgins, 975 So. 2d 1169 (Fla. 1st DCA 2008). “See § 627.7711(3), Fla. Stat. (2003). The respondents allege that they were entitled to receive the statutory reissue premium rate for title insurance from Commonwealth, pursuant to section 627.”
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