# Fla. Stat. § 627.031: 627.031 Purposes of this part; interpretation

> Florida · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.031

## Section

- **Citation:** Fla. Stat. § 627.031
- **Heading:** 627.031 Purposes of this part; interpretation
- **Jurisdiction:** Florida
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Florida Code / Title XXXVII / Chapter 627 / Part I / Section 627.031

## Text

(1) The purposes of this part are: (a) To promote the public welfare by regulating insurance rates as herein provided to the end that they shall not be excessive, inadequate, or unfairly discriminatory; (b) To encourage independent action by, and reasonable price competition among, insurers; (c) To authorize the existence and operation of qualified rating organizations and advisory organizations and to require that specified rating services of such rating organizations be generally available to all authorized insurers; and (d) To authorize cooperation between insurers in ratemaking and other related matters.

(2) It is the purpose of this part to protect policyholders and the public against the adverse effects of excessive, inadequate, or unfairly discriminatory insurance rates, and to authorize the office to regulate such rates. If at any time the office has reason to believe any such rate is excessive, inadequate, or unfairly discriminatory under the law, it is directed to take the necessary action to cause such rate to comply with the laws of this state.

(3) Nothing in this part shall be construed to repeal or modify the provisions of part IX of chapter 626, relating to unfair trade practices.

History: s. 411, ch. 59-205; s. 1, ch. 67-9; ss. 13, 35, ch. 69-106; s. 1, ch. 71-3(B); s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 338, 357, 809(2nd), ch. 82-243; ss. 49, 79, ch. 82-386; s. 28, ch. 87-228; s. 114, ch. 92-318; s. 54, ch. 2001-63; s. 1061, ch. 2003-261.

## Nearby sections

- [Fla. Stat. § 627.011 627.011 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.011.md)
- [Fla. Stat. § 627.021 627.021 Scope of this part.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.021.md)
- [Fla. Stat. § 627.031 627.031 Purposes of this part; interpretation.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.031.md)
- [Fla. Stat. § 627.041 627.041 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.041.md)
- [Fla. Stat. § 627.062 627.062 Rate standards.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.062.md)
- [Fla. Stat. § 627.066 627.066 Excessive profits for motor vehicle insurance prohibited.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.066.md)
- [Fla. Stat. § 627.072 627.072 Making and use of rates.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.072.md)
- [Fla. Stat. § 627.091 627.091 Rate filings; workers’ compensation and employer’s liability insurances.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.091.md)
- [Fla. Stat. § 627.092 627.092 Workers’ Compensation Administrator.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.092.md)
- [Fla. Stat. § 627.093 627.093 Application of s. 286.011 to workers’ compensation and employer’s liability insurances.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.093.md)
- [Fla. Stat. § 627.096 627.096 Workers’ Compensation Rating Bureau.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.096.md)
- [Fla. Stat. § 627.101 627.101 When filing becomes effective; workers’ compensation and employer’s liability insurances.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.101.md)
- [Fla. Stat. § 627.111 627.111 Effective date of filing.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.111.md)
- [Fla. Stat. § 627.141 627.141 Subsequent disapproval of filing; workers’ compensation and employer’s liability insurances.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.141.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C627_PI_S627.031. Check the current official text before relying on it. Not legal advice.