626.97075 – Life insurance, disability insurance, and long-term care insurance; discrimination against living organ donors prohibited.
626.97075 Life insurance, disability insurance, and long-term care insurance; discrimination against living organ donors prohibited.— (1) As used in this section, the term “policy” means any of the following: (a) An individual or group life insurance policy. (b) An industrial life insurance policy, as the term “industrial life insurance” is defined in s. 627.502(1). (c) A credit life insurance or […]
626.973 – Fictitious groups.
626.973 Fictitious groups.— (1) No insurer or any person on behalf of any insurer shall make, offer to make, or permit any preference or distinction in property, marine, casualty, or surety insurance as to form of policy, certificate, premium, rate, benefits, or conditions of insurance, based upon membership, nonmembership, or employment of any person or persons by […]
626.9741 – Use of credit reports and credit scores by insurers.
626.9741 Use of credit reports and credit scores by insurers.— (1) The purpose of this section is to regulate and limit the use of credit reports and credit scores by insurers for underwriting and rating purposes. This section applies only to personal lines motor vehicle insurance and personal lines residential insurance, which includes homeowners, mobile home owners’ […]
626.9743 – Claim settlement practices relating to motor vehicle insurance.
626.9743 Claim settlement practices relating to motor vehicle insurance.— (1) This section shall apply to the adjustment and settlement of personal and commercial motor vehicle insurance claims. (2) An insurer may not, when liability and damages owed under the policy are reasonably clear, recommend that a third-party claimant make a claim under his or her own policy solely […]
626.9744 – Claim settlement practices relating to property insurance.
626.9744 Claim settlement practices relating to property insurance.—Unless otherwise provided by the policy, when a homeowner’s insurance policy provides for the adjustment and settlement of first-party losses based on repair or replacement cost, the following requirements apply: (1) When a loss requires repair or replacement of an item or part, any physical damage incurred in making such […]
626.9885 – Financial institutions conducting insurance transactions.
626.9885 Financial institutions conducting insurance transactions.—A financial institution, as defined in s. 655.005, may conduct insurance transactions only through Florida-licensed insurance agents representing Florida-authorized insurers or representing Florida-eligible surplus lines insurers. History.—s. 4, ch. 99-388; s. 43, ch. 2011-194.
626.989 – Investigation by department or Division of Investigative and Forensic Services; compliance; immunity; confidential information; reports to division; division investigator’s power of arrest.
626.989 Investigation by department or Division of Investigative and Forensic Services; compliance; immunity; confidential information; reports to division; division investigator’s power of arrest.— (1) For the purposes of this section: (a) A person commits a “fraudulent insurance act” if the person: 1. Knowingly and with intent to defraud presents, causes to be presented, or prepares with knowledge or belief […]
626.9891 – Insurer anti-fraud investigative units; reporting requirements; penalties for noncompliance.
626.9891 Insurer anti-fraud investigative units; reporting requirements; penalties for noncompliance.— (1) As used in this section, the term: (a) “Anti-fraud investigative unit” means the designated anti-fraud unit or division, or contractor authorized under subparagraph (2)(a)2. (b) “Designated anti-fraud unit or division” includes a distinct unit or division or a unit or division made up of employees whose principal responsibilities […]
626.9892 – Anti-Fraud Reward Program; reporting of insurance fraud.
626.9892 Anti-Fraud Reward Program; reporting of insurance fraud.— (1) The Anti-Fraud Reward Program is hereby established within the department, to be funded from the Insurance Regulatory Trust Fund. (2) The department may pay rewards of up to $25,000 to persons providing information leading to the arrest and conviction of persons committing crimes investigated by the department arising from […]
626.9893 – Disposition of revenues; criminal or forfeiture proceedings.
626.9893 Disposition of revenues; criminal or forfeiture proceedings.— (1) The Division of Investigative and Forensic Services of the Department of Financial Services may deposit revenues received as a result of criminal proceedings or forfeiture proceedings, other than revenues deposited into the Department of Financial Services’ Federal Law Enforcement Trust Fund under s. 17.43, into the Insurance Regulatory […]