Insurance Code: Administration and General Provisions, complete (Parts I-VI)

What this document is

Florida Statutes ch. 624 - Insurance Code: Administration and General Provisions, complete (Parts I-VI) (ss. 624.01-624.915) is a state statute published by The Florida Senate / Florida Legislature (flsenate.gov), official Florida Statutes. It is one of the Florida documents that insurance license exam questions are written from, including florida property & casualty, florida personal lines, florida claims adjuster practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Fla. Stat. Sec. 624.06 (Domestic, Foreign, Alien Insurer Defined)

  “A “domestic” insurer is one formed under the laws of this state. (2) A “foreign” insurer is one formed under the laws of any state, district, territory, or commonwealth of the United States other than this state. (3) An “alien” insurer is an insurer other than a domestic or foreign insurer.”

• Fla. Stat. Sec. 624.6065(1) ("Fidelity Insurance" Defined; Persons in Positions of Trust and Financial Institution Losses)

  “(1) Insurance guaranteeing the fidelity of persons holding positions of public or private trust, or indemnifying banks, thrifts, brokers, or other financial institutions against loss of money, securities, negotiable instruments, other specified valuable papers, or tangible items of personal...”

• Fla. Stat. Sec. 624.605(1)(d) (Casualty Insurance Defined; Burglary and Theft)

  “(d) Burglary and theft. - Insurance against loss or damage by burglary, theft, larceny, robbery, forgery, fraud, vandalism, malicious mischief, confiscation, or wrongful conversion, disposal, or concealment, or from any attempt at any of the foregoing; including supplemental coverage for medical,...”

• Fla. Stat. § 624.155(3)(c) (Civil Remedy; Cure Within the Notice Period)

  “(c) No action shall lie if, within 60 days after the insurer receives notice from the department in accordance with this subsection, the damages are paid or the circumstances giving rise to the violation are corrected.”

• Fla. Stat. § 624.402(1) (Exceptions, Certificate of Authority Required)

  “624.402 Exceptions, certificate of authority required. - A certificate of authority shall not be required of an insurer with respect to: (1) Investigation, settlement, or litigation of claims under its policies lawfully written in this state, or liquidation of assets and liabilities of the insurer...”

• Fla. Stat. § 624.605(1)(j) (Casualty Insurance Defined; Credit Property Insurance, Form and Limits)

  “The coverage shall be issued on an inland marine policy form, and coverage limits shall be restricted to the initial amount of the loan or the amount of the installment sale.”

• Fla. Stat. § 624.605(1)(j) (Casualty Insurance Defined; Credit Property Insurance, Definition and Classification)

  “Credit property insurance is a limited line of insurance providing coverage on personal property used as collateral for securing a loan or on personal property purchased under an installment sales agreement. Credit property insurance shall not be considered to be property insurance.”

• Fla. Stat. § 624.607(1)(a)4. (Marine Insurance Defined; Bridges, Tunnels, Piers and Aids to Navigation)

  “4. Bridges, tunnels, and other instrumentalities of transportation and communication (excluding buildings, their furniture and furnishings, fixed contents, and supplies held in storage) unless fire, tornado, sprinkler leakage, hail, explosion, earthquake, riot, and/or civil commotion are the only...”

• Fla. Stat. § 624.607(1)(a)2. (Marine Insurance Defined; Liability and Related Exclusions)

  “2. Person or property in connection with or appertaining to a marine, inland marine, transit, or transportation insurance, including liability for loss of or damage to either, arising out of or in connection with the construction, repair, operation, maintenance, or use of the subject matter of such...”

• Fla. Stat. § 624.510(3) (Tax on Wet Marine and Transportation Insurance; Credit for Chapter 220 Income Tax)

  “(3) The income tax imposed under chapter 220 which is paid by any insurer shall be credited against, and to the extent thereof shall discharge, the liability for tax imposed by this section for the annual period in which such income tax payment is made.”

• Fla. Stat. § 624.601 (Definitions Not Mutually Exclusive)

  “It is intended that certain insurance coverages may come within the definitions of two or more kinds of insurance as defined in this part of this chapter. The inclusion of such coverage within one definition shall not exclude it from being considered as any other kind of insurance, the definition...”

• Fla. Stat. § 624.605(1)(g) (Casualty Insurance Defined; Boiler and Machinery)

  “Insurance against any liability and loss or damage to property or interest resulting from accidents to or explosions of boilers, pipes, pressure containers, machinery, or apparatus, and to make inspection of and issue certificates of inspection upon boilers, machinery, and apparatus of any kind, whether or not insured;”

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Questions about this source

More Florida sources

• Florida Administrative Code, Division 69O: chs. 69O-123 (Civil Remedy), 69O-124 (Anti-Coercion), 69O-125 (Unfair Discrimination), 69O-142 (Insurer Conduct), 69O-153 (Deceptive Insurance Practices), 69O-189 (Workers' Compensation), 69O-196 (Premium Finance Companies), 69O-215 (Agents), 69O-220 (Adjusters), 69O-228 (Continuing Education), 69O-230 (General Ethics and Disclosure Requirements) and 69O-231 (Penalty Guidelines for Insurance Representatives) (98 rules, 69O-123.001-69O-231.160)Regulation
• Florida Administrative Code, Division 69O (Office of Insurance Regulation): chs. 69O-166 (Property and Casualty Insurer Practices), 69O-167 (Property and Casualty Insurance Contracts), 69O-170 (Property and Casualty Insurance Rating), 69O-175 (Motor Vehicle Insurance) and 69O-176 (Motor Vehicle Insurance Requirements), 87 of the 89 rules the publisher lists (the two omitted are 69O-170.021 and 69O-170.022, transferred stubs whose .doc file holds a title and nothing else) (87 rules, 69O-166.021-69O-176.022)Regulation
• Florida Statutes s. 626.112 - License and appointment requiredState statute
• Florida Statutes s. 626.2815 - Continuing education requirementsState statute
• Florida Statutes s. 626.611 - Grounds for compulsory refusal, suspension, or revocation of licenseState statute
• Florida Statutes s. 626.621 - Grounds for discretionary refusal, suspension, or revocation of licenseState statute
• Florida Statutes s. 626.641 - Duration of suspension or revocation of licenseState statute
• Florida Statutes s. 626.7451 - Managing general agents; required contract provisionsState statute