Florida Statutes Part II - General Lines Agents (Ss. 626.726-626.754)

• 626.726 - Short Title.
  This part may be referred to in any legal proceedings as the “General Lines Agents Law.”History.—s. 252, ch. 59-205; s. 3, ch. 76-168; s. 1,...
• 626.727 - Scope Of This Part.
  This part applies only to general lines agents, customer representatives, service representatives, and managing general agents, all as defined in s. 626.015. Provisions of this...
• 626.728 - This Part Supplements Licensing Law.
  This part is supplementary to part I of this chapter of the code, the “Licensing Procedures Law.”History.—s. 253, ch. 59-205; s. 3, ch. 76-168; s....
• 626.729 - “industrial Fire Insurance” Defined.
  For the purposes of this code, “industrial fire insurance” is insurance against loss by fire of either buildings and other structures or contents, which may...
• 626.730 - Purpose Of License.
  (1) The purpose of a license issued under this code to a general lines agent or customer representative is to authorize and enable the licensee actively...
• 626.731 - Qualifications For General Lines Agent’s License.
  (1) The department shall not grant or issue a license as general lines agent to any individual found by it to be untrustworthy or incompetent or...
• 626.7315 - Prohibition Against The Unlicensed Transaction Of General Lines Insurance.
  With respect to any line of authority as defined in s. 626.015(5), no individual shall, unless licensed as a general lines agent:(1) Solicit insurance or procure...
• 626.732 - Requirement As To Knowledge, Experience, Or Instruction.
  (1) Except as provided in subsection (4), an applicant for a license as a general lines agent, except for a chartered property and casualty underwriter (CPCU),...
• 626.733 - Agency Firms And Corporations; Special Requirements.
  If a sole proprietorship, partnership, corporation, or association holds an agency contract, all members thereof who solicit, negotiate, or effect insurance contracts, and all officers...
• 626.734 - Corporations, Liability Of Agent.
  Any general lines insurance agent who is an officer, director, or stockholder of an incorporated general lines insurance agency shall remain personally and fully liable...
• 626.7351 - Qualifications For Customer Representative’s License.
  The department shall not grant or issue a license as customer representative to any individual found by it to be untrustworthy or incompetent, or who...
• 626.7352 - Customer Representative’s Office.
  A customer representative shall be housed wholly and completely within the actual confines of the office of the agent or agency whom he or she...
• 626.7353 - Appointment Of Customer Representatives.
  (1) Any person duly licensed and appointed as a general lines agent, except a person holding a limited license provided for in s. 626.321, and any...
• 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...
• 626.7355 - Temporary License As Customer Representative Pending Examination.
  (1) The department shall issue a temporary customer representative’s license with respect to a person who has applied for such license upon finding that the person:(a) Has...
• 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...
• 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...
• 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...
• 626.744 - Service Representatives, Managing General Agents; Application For License.
  The application for a license as service representative or the application for a license as managing general agent shall show the applicant’s name, residence address,...
• 626.745 - Service Representatives, Managing General Agents; Managers; Activities.
  Individuals employed by insurers or their managers, general agents, or representatives as service representatives, and as managing general agents employed for the purpose of or...
• 626.7451 - Managing General Agents; Required Contract Provisions.
  No person acting in the capacity of a managing general agent shall place business with an insurer unless there is in force a written contract...
• 626.7452 - Managing General Agents; Examination Authority.
  The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general...
• 626.7453 - Managing General Agents; Errors And Omissions Insurance.
  As a part of the appointment process, the insurer appointing the managing general agent shall certify that, upon investigation and to the best of the...
• 626.7454 - Managing General Agents; Duties Of Insurers.
  (1) The insurer shall have on file for each managing general agent with which it has done business an independent financial examination in a form acceptable...
• 626.7455 - Managing General Agent; Responsibility Of Insurer.
  (1) No insurer shall enter into an agreement with any person to manage the business written in this state by the general lines agents appointed by...
• 626.748 - Agent’s Records.
  Every agent transacting any insurance policy must maintain in his or her office, or have readily accessible by electronic or photographic means, for a period...
• 626.749 - Place Of Business In Residence.
  No requirement of this part that an agent maintain within this state a place of business which is accessible to the public shall be deemed...
• 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...
• 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...
• 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...
• 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...
• 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...

Last modified: September 23, 2016