Florida Statute 627.7711 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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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.

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Amendments to 627.7711

Annotations, Discussions, Cases:

Cases Citing Statute 627.7711

Total Results: 4

Chicago Title Ins. Co. v. Butler

770 So. 2d 1210, 25 Fla. L. Weekly Supp. 899, 2000 Fla. LEXIS 2034, 2000 WL 1535354

Supreme Court of Florida | Filed: Oct 19, 2000 | Docket: 1778893

Cited 11 times | Published

the risk of issuing the title insurance. See § 627.7711, Fla. Stat. (1997).[8] Under the Insurance Code

Commonwealth Land Title Ins. Co. v. Higgins

975 So. 2d 1169, 2008 WL 595923

District Court of Appeal of Florida | Filed: Mar 6, 2008 | Docket: 1727482

Cited 7 times | Published

title insurance in the State of Florida. See § 627.7711(3), Fla. Stat. (2003). The respondents allege

Preferred Title Ser. v. Seven Seas Resort

458 So. 2d 884, 9 Fla. L. Weekly 2400, 1984 Fla. App. LEXIS 16545

District Court of Appeal of Florida | Filed: Nov 15, 1984 | Docket: 1452360

Cited 2 times | Published

a legitimate business and is regulated by section 627.7711 627.7865, Florida Statutes. The business

FCOA LLC v. Foremost Title & Escrow Services LLC

Court of Appeals for the Eleventh Circuit | Filed: Jan 12, 2023 | Docket: 66718848

Published

sets title insurance premiums.Fla. Stat. § 627.7711; Fla. Admin. Code Ann. r. 69O-186.003(1). Currently

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. Attorney Syfert regularly works with Chapter 627 in the context of insurance coverage law and represents clients throughout Northeast Florida. For legal consultation, call 904-383-7448.