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Florida Statute 627.783 - Full Text and Legal Analysis
Florida Statute 627.783 | Lawyer Caselaw & Research
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The 2025 Florida Statutes

Title XXXVII
INSURANCE
Chapter 627
INSURANCE RATES AND CONTRACTS
View Entire Chapter
627.783 Rate deviation.
(1) A title insurer may petition the office for an order authorizing a specific deviation from the adopted premium. The petition shall be in writing and sworn to and shall set forth allegations of fact upon which the petitioner will rely, including the petitioner’s reasons for requesting the deviation. Any authorized title insurer, agent, or agency may join in the petition for like authority to deviate or may file a separate petition praying for like authority or opposing the deviation. The office shall rule on all such petitions simultaneously.
(2) If, in the judgment of the office, the requested deviation is not justified, the office may enter an order denying the petition. An order granting a petition constitutes an amendment to the adopted premium as to the petitioners named in the order, and is subject to s. 627.782.
History.s. 9, ch. 65-359; ss. 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. 580, 584, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 9, ch. 89-305; ss. 96, 114, ch. 92-318; s. 13, ch. 99-286; s. 1205, ch. 2003-261; s. 6, ch. 2007-44.
Note.Section 23, ch. 2008-220, provides that “[t]he Legislature finds that the Uniform Commercial Code insurance product authorized by section 1 of Chapter 2005-153, Laws of Florida, will open new markets in this state and will result in generation of new revenue for the state. Accordingly, title insurers may petition for a rate deviation as provided by s. 627.783, Florida Statutes, for the uniform commercial code insurance product. In determining whether to approve such petition for a rate deviation for the uniform commercial code insurance product, the office shall be guided by standards for national rates for the product currently being offered in other states.”

F.S. 627.783 on Google Scholar

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Amendments to 627.783


Annotations, Discussions, Cases:

Cases Citing Statute 627.783

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

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Chicago Title Ins. Co. v. Butler, 770 So. 2d 1210 (Fla. 2000).

Cited 11 times | Published | Supreme Court of Florida | 25 Fla. L. Weekly Supp. 899, 2000 Fla. LEXIS 2034, 2000 WL 1535354

...For reasons expressed below, we affirm the trial court's order declaring the statutes unconstitutional. MATERIAL FACTS S. Clark Butler, a builder and developer, challenges the constitutionality of sections 626.611(11), [1] 626.8437, [2] 626.9541(1)(h)3.a., [3] *1212 627.780, [4] 627.782 [5] and 627.783 [6] of the Florida Statutes (1997) and rule 4186.003(13)(a) *1213 of the Florida Administrative Code, [7] which prohibit title insurance agents from negotiating or rebating to their clients any portion of the risk premium charged for the issuance of title insurance....
...applies to title insurance agents as well. The circuit court denied Butler's motion, finding that section 626.572 does not apply to title insurance agents. Butler then filed a second amended complaint, adding sections 626.8437, 627.780, 627.782 and 627.783 to his constitutional *1214 challenge....
...constitutional. CONCLUSION In sum, we hold that the decision in Dade County applies to the statutes at issue in this case, [18] and in accordance with Dade County, we hold that sections 626.611(11), 626.8437, 626.9541(1)(h)3.a., 627.780, 627.782 and 627.783 of the Florida Statutes and rule 4-186.003(13)(a) of the Florida Administrative Code, to the extent they prohibit title insurance agents from rebating a portion of their risk premium, are unconstitutional under article I, section 9 of the Florida Constitution....
...statistical information, including loss and expense data, as the department determines to be necessary to analyze risk premium and related title services rates, retention rates, and the condition of the title insurance industry. Id. § 627.782. [6] Section 627.783, Florida Statutes (1997), permits title insurers to petition the department for an order authorizing a deviation from the adopted risk premium: (1) A title insurer may petition the department for an order authorizing a specific deviat...
...(2) If, in the judgment of the department, the requested deviation is not justified, the department may enter an order denying the petition. An order granting a petition constitutes an amendment to the adopted risk premium, and is subject to s. 627.782. Id. § 627.783....
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Butler v. State, Dept. of Ins., 680 So. 2d 1103 (Fla. 1st DCA 1996).

Cited 5 times | Published | Florida 1st District Court of Appeal | 1996 WL 587866

...ceeding as apparently another state agency did in Rice v. Department of H.R.S., 386 So.2d 844 (Fla. 1st DCA 1980). Appellants' focus here is upon the statutes themselves. Appellees' alternative claim that appellants could seek a rate deviation under section 627.783(1), Florida Statutes, also fails because access to the rate deviation procedure outlined in section 627.783(1) is limited to title insurers and agents, classes that do not include appellants....

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.