Florida Statute 627.403 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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627.403 “Premium” defined.—“Premium” is the consideration for insurance, by whatever name called. Any “assessment,” or any “membership,” “policy,” “survey,” “inspection,” “service” or similar fee or charge in consideration for an insurance contract is deemed part of the premium.

History.—s. 452, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 377, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318.

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Amendments to 627.403

Annotations, Discussions, Cases:

Cases Citing Statute 627.403

Total Results: 2 | Sort by: Relevance | Newest First

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People's Trust Ins. Co. v. Pesta, 199 So. 3d 970 (Fla. 4th DCA 2016).

Cited 1 times | Published | Florida 4th District Court of Appeal | 2016 WL 3088123, 2016 Fla. App. LEXIS 8332

...Pesta disagrees that any “component of the insurer’s rate filing” is necessarily part of the rate or premium reviewable by OIR. The Administrative Code states that “[p]er-policy fees charged under Section 626.7451(11), F.S., by licensed managing general agents fall under the definition of ‘premiums’ as defined in Section 627.403, F.S., and are subject to premium tax as set forth in Section 624.509, F.S.” Fla. Admin. Code R. 12B-8.001; see § 627.403, Fla....

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Ago (Fla. Att'y Gen. 2009).

Published | Florida Attorney General Reports

policy shall specify the premium to be paid.5 Section 627.403, Florida Statutes, defines the term "[p]remium"

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.