(1) A person may not knowingly quote, charge, accept, collect, or receive a premium for title insurance other than the premium adopted by the commission, except as provided in s. 626.9541(1)(h)3.b.
(2) A title insurer may not knowingly accept, collect, or receive any sum as premium for title insurance, if the title insurance is not then provided or is not to be provided, subject to acceptance of the risk, in due course, unless the title insurer promptly enters the sum on its books of account as premium collected in advance.
History.—s. 6, ch. 65-359; ss. 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 577, 584, 809(2nd), ch. 82-243; s. 79, ch. 82-386; ss. 94, 114, ch. 92-318; s. 10, ch. 99-286; s. 1203, ch. 2003-261; s. 4, ch. 2007-44.
Structure Florida Statutes
Chapter 627 - Insurance Rates and Contracts
Part XIII - Title Insurance Contracts (Ss. 627.7711-627.798)
627.776 - Applicability or inapplicability of Florida Insurance Code provisions to title insurers.
627.7773 - Accounting and auditing of forms by title insurers.
627.7776 - Furnishing of supplies; civil liability.
627.780 - Illegal dealings in premium.
627.7831 - Commitments; charges; collection.
627.784 - Casualty title insurance prohibited.
627.7841 - Insurance against adverse matters or defects in the title.
627.7843 - Property information reports.
627.785 - Preemption by state.
627.786 - Transaction of title insurance and any other kind of insurance prohibited.
627.7865 - Title insurer assessments.
627.791 - Penalties against title insurers for violations by persons or entities not licensed.
627.792 - Liability of title insurers for defalcation by title insurance agents or agencies.