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1998 Florida Statutes
SECTION 780
Illegal dealings in risk premium.
Illegal dealings in risk premium.
627.780 Illegal dealings in risk premium.--
(1) A person may not knowingly quote, charge, accept, collect, or receive a risk premium for title insurance other than the risk premium adopted by the department.
(2) A title insurer may not knowingly accept, collect, or receive any sum as risk 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.