Florida § 627.06291 - Excess profits of residential property insurer; return.
Full text of Florida Florida Statutes § 627.06291 — Excess profits of residential property insurer; return., with citation guidance and answers to common questions.
§ 627.06291. Excess profits of residential property insurer; return.
A residential property insurer shall return all excess profits to policyholders except as otherwise directed by the Office of Insurance Regulation. A residential property insurer shall be deemed to have earned an excess profit if its surplus exceeds its direct probable maximum loss for a 1-in-250-year return period and it has earned a net underwriting gain in Florida in excess of 10 percent of earned premiums above its anticipated underwriting profit over the most recent 10-year period.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 627.06291
What does Florida Statutes § 627.06291 cover?
Section 627.06291 ("Excess profits of residential property insurer; return.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 627.06291?
A common citation format is "Florida Statutes § 627.06291" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 627.06291 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.