Florida Statutes Title XXXVII Chapter 642 - Legal Expense Insurance
- 642.011 - Short Title.
Sections 642.011-642.049 may be cited as the “Legal Expense Insurance Act.”History.—s. 1, ch. 79-103; s. 2, ch. 81-318; ss. 20, 21, ch. 83-278; ss. 6,...
- 642.013 - Purpose.
The purpose of ss. 642.011-642.049 is to authorize certification and regulation of certain organizations which provide programs for the payment of the costs of legal...
- 642.015 - Definitions.
As used in ss. 642.011-642.049, the term:(1) “Gross written premiums” means the total amount of premiums paid by the consumer for the entire period of the...
- 642.016 - Chapter Exclusive; Applicability Of Other Laws.
Except as provided in this chapter, legal expense insurance corporations shall be governed by this chapter and shall be exempt from all other provisions of...
- 642.017 - Exemptions.
The provisions of the Florida Insurance Code do not apply to:(1) Retainer contracts made by attorneys at law with individual clients with fees based on estimates...
- 642.019 - Organization Of Legal Expense Insurance Corporations.
(1) Any number of corporations or adult natural persons may organize a legal expense insurance corporation under the law of this state relating to corporations generally.(2) The...
- 642.021 - Certificate Of Authority.
(1) It is unlawful for any person to engage in a legal expense insurance business in this state without a valid certificate of authority issued by...
- 642.022 - Insurance Business Not Authorized.
Nothing in the Florida Insurance Code or this chapter shall be deemed to authorize any legal expense corporation to transact any insurance business other than...
- 642.023 - Required Deposit Or Bond.
(1) To assure the faithful performance of its obligations in the event of insolvency, each legal expense insurance corporation, prior to the issuance of its certificate...
- 642.024 - Levy Upon Deposit.
No judgment creditor or other claimant of a legal expense insurance corporation shall have the right to levy upon any of the assets or securities...
- 642.025 - Policy And Certificate Forms.
(1) Legal expense insurance may be written as individual, group, blanket, or franchise insurance. Each contractual obligation for legal expense insurance shall be evidenced by a...
- 642.0261 - Net Worth Required Of Applicants.
To receive authority to transact legal expense insurance, an applicant applying for a certificate of authority after October 1, 1993, must possess a net worth...
- 642.0262 - Net Worth Required To Maintain Certificate Of Authority.
To maintain a certificate of authority to transact legal expense insurance, a legal expense insurance corporation must maintain a net worth of not less than...
- 642.027 - Premium Rates.
No policy of legal expense insurance may be issued in this state unless the premium rates for the insurance have been filed with and approved...
- 642.029 - Contracts By Insurers.
(1) Contracts made between the insurer and participating attorneys, management contracts, or contracts with providers of other services covered by the legal expense insurance policy shall...
- 642.0301 - Filing, License, Statement, And Miscellaneous Fees.
(1) Every legal expense insurance corporation must pay to the office the following fees:(a) Certificate of authority of legal expense insurance corporation. Filing application for original certificate...
- 642.032 - Provisions Of General Insurance Law Applicable To Legal Expense Insurance Corporations.
The following provisions of the Florida Insurance Code shall apply to legal expense insurance corporations, to the extent that they are not inconsistent with the...
- 642.0331 - Grounds For Suspension Or Revocation Of Certificate.
(1) The certificate of authority of an insurer, whether issued pursuant to this chapter or the insurance code, may be revoked or suspended, or the office...
- 642.0334 - Order; Notice Of Suspension Or Revocation Of Certificate; Effect; Publication.
(1) Suspension or revocation of a certificate of authority of an insurer shall be by order of the office mailed to the corporation by registered or...
- 642.0336 - Duration Of Suspension; Obligations During Suspension; Reinstatement.
(1) Suspension of an insurer’s certificate of authority shall be for such period, not to exceed 1 year, as is fixed in the order of suspension,...
- 642.0338 - Administrative Fine In Lieu Of Suspension Or Revocation.
(1) If the office finds that one or more grounds exist for the revocation or suspension of a certificate of authority issued under this chapter, the...
- 642.034 - License And Appointment Required.
No person may solicit, negotiate, sell, or execute legal expense insurance contracts on behalf of an insurer in this state unless such person is licensed...
- 642.036 - Sales Representatives To Be Licensed And Appointed.
Sales representatives of legal expense insurers shall be licensed, appointed, renewed, continued, reinstated, or terminated as prescribed in chapter 626 for insurance representatives in general,...
- 642.038 - Reporting And Accounting For Funds.
(1) All funds belonging to an insurer or other person received by a sales representative in transactions under his or her license and appointment shall be...
- 642.041 - Grounds For Compulsory Refusal, Suspension, Or Revocation Of License Or Appointment Of Contracting Sales Representatives.
The department shall, pursuant to the insurance code, deny, suspend, revoke, or refuse to renew or continue the license or appointment of any sales representative...
- 642.043 - Grounds For Discretionary Refusal, Suspension, Or Revocation Of License Or Appointment Of Sales Representatives.
The department may, in its discretion, deny, suspend, revoke, or refuse to renew or continue the license or appointment of any sales representative if it...
- 642.045 - Procedure For Refusal, Suspension, Or Revocation Of License And Appointment Of Sales Representative; Departmental Action Upon Violation By Licensed Insurance Agent.
(1) If any sales representative is convicted by a court of a violation of any provision of ss. 642.011-642.049, the license and appointment of such individual...
- 642.047 - Administrative Fine In Lieu Of Suspension Or Revocation Of License Or Appointment.
(1) If, pursuant to procedures provided for in ss. 642.011-642.049, it is found that one or more grounds exist for the suspension or revocation of, or...
- 642.0475 - Civil Remedy.
(1) Any person damaged by a violation of the provisions of this chapter may bring a civil action against a person violating such provisions in the...
- 642.048 - Prohibited Sales.
No insurer of prepaid legal services and no legal expense insurance corporation shall market on the premises of any establishment licensed to sell alcoholic beverages...
- 642.049 - Construction.
Nothing contained in ss. 642.011-642.049 shall be construed to regulate the practice of law or limit the powers or authority of the Supreme Court of...
Last modified: September 23, 2016