626.753 – Sharing commissions; penalty.
626.753 Sharing commissions; penalty.— (1)(a) An agent may divide or share in commissions only with other agents appointed and licensed to write the same kind or kinds of insurance, or may divide commissions with a customer representative. (b) This section shall not be construed to prevent the payment or receipt of renewal commissions or other deferred commissions or […]
626.754 – Rights of agent following termination of appointment.
626.754 Rights of agent following termination of appointment.— (1) Following the termination of his or her agency appointment as to an insurer, the agent may for the period herein provided continue to service, and receive from the insurer commissions or other compensation relative to, policies written by him or her for the insurer during the existence of […]
626.7491 – Business transacted with producer controlled property and casualty insurer.
626.7491 Business transacted with producer controlled property and casualty insurer.— (1) SHORT TITLE.—This section may be cited as the “Business Transacted with Producer Controlled Property or Casualty Insurer Act.” (2) DEFINITIONS.—As used in this section: (a) “Accredited state” means a state in which the department or agency which regulates insurance has qualified as meeting the minimum financial regulatory standards […]
626.7492 – Reinsurance intermediaries.
626.7492 Reinsurance intermediaries.— (1) SHORT TITLE.—This section may be cited as the “Reinsurance Intermediary Act.” (2) DEFINITIONS.—As used in this section: (a) “Actuary” means a person who is a member in good standing of the American Academy of Actuaries. (b) “Controlling person” means any person, firm, association, or corporation who directly or indirectly has the power to direct or cause […]
626.752 – Exchange of business.
626.752 Exchange of business.— (1) As used in this section: (a) “Brokering agent” means an originating general lines agent placing business with a company with which he or she is not appointed. (b) “Prominently displayed” means that the printed matter is: 1. In at least 12-point type or type of the same size as any other entity name, whichever is […]
626.7354 – Customer representative’s powers; agent’s or agency’s responsibility.
626.7354 Customer representative’s powers; agent’s or agency’s responsibility.— (1) A customer representative’s license shall not cover life insurance or any kind of insurance for which the agent or agency by which he or she is appointed is not then licensed. (2) A customer representative may engage in transacting insurance with customers who have been solicited by any agent […]
626.741 – Nonresident agents; licensing and restrictions.
626.741 Nonresident agents; licensing and restrictions.— (1) The department may, upon written application and the payment of the fees as specified in s. 624.501, issue a license as: (a) A nonresident general lines agent to an individual licensed in his or her home state as a resident agent for the same line of authority as a Florida resident […]
626.742 – Nonresident agents; service of process.
626.742 Nonresident agents; service of process.— (1) Each licensed nonresident agent shall appoint the Chief Financial Officer as his or her attorney to receive service of legal process issued against the agent in this state, upon causes of action arising within this state out of transactions under the agent’s license and appointment. Service upon the Chief Financial […]
626.743 – Nonresident agents; retaliatory provision.
626.743 Nonresident agents; retaliatory provision.—When under the laws of any other state any fine, tax, penalty, license fee, deposit of money or security or other obligation, limitation, or prohibition is imposed upon resident insurance agents of this state in connection with the issuance of, and activities under, a nonresident agent’s license under the laws of such […]
626.744 – Service representatives; application for license.
626.744 Service representatives; application for license.—The application for a license as service representative must show the applicant’s name, residence address, name of employer, position or title, type of work to be performed by the applicant in this state, and any additional information which the department may reasonably require. History.—s. 268, ch. 59-205; ss. 13, 35, ch. […]