§ 627.826, Fla. Stat. · Part XV. PREMIUM FINANCE COMPANIESAND AGREEMENTS
“Premium finance company” defined.
Text — 2026 Florida Statutes
(1) An “insurance premium finance company” is:
(a) A person engaged, in whole or in part, in the business of entering into premium finance agreements with insureds; or
(b) A person engaged, in whole or in part, in the business of acquiring premium finance agreements from other premium finance companies.
(2) The following entities are exempt from the provisions of this part:
(a) Credit unions, banks, savings and loan associations, and other lending institutions as defined under chapters 516, 657, 658, and 665 or their federally chartered counterparts.
(b) Any person who purchases or otherwise acquires premium finance agreements from a licensee if the licensee retains the possession of and the legal obligation to service the agreements and collect payments due under the agreements and remains responsible for the premium finance agreements being administered in compliance with this part.
(3) The inclusion of a charge for insurance on a bona fide sale of goods or services on installments is not subject to the provisions of this part.
Notes and commentary — not statutory text
History
s. 1, ch. 63-16; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 166, ch. 79-164; s. 431, ch. 81-259; ss. 2, 3, ch. 81-318; ss. 594, 612, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 204, ch. 92-303; s. 114, ch. 92-318; s. 1, ch. 2003-152.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0627/0627.html
- Text hash
- sha256 de1affaa28f7345b463310467c34b4c08d166d86305ded013249ae5142d6a096
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
The Florida Statutes
- Fla. Stat. ch. 516CONSUMER FINANCEPrinted as chapters 516, 657, 658, and 665
- Fla. Stat. ch. 657CREDIT UNIONSPrinted as chapters 516, 657, 658, and 665
- Fla. Stat. ch. 658BANKS AND TRUST COMPANIESPrinted as chapters 516, 657, 658, and 665
- Fla. Stat. ch. 665CAPITAL STOCK ASSOCIATIONSPrinted as chapters 516, 657, 658, and 665
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.