Insurance Field Representatives and Operations, complete (Parts I-XIII)

What this document is

Florida Statutes ch. 626 - Insurance Field Representatives and Operations, complete (Parts I-XIII) (ss. 626.011-626.9958) 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. 626.561(1) (Reporting and Accounting for Funds)

  “(1) All premiums, return premiums, or other funds belonging to insurers or others received by an agent, insurance agency, customer representative, or adjuster in transactions under the license are trust funds received by the licensee in a fiduciary capacity. An agent or insurance agency shall keep...”

• Fla. Stat. Sec. 626.9541(1)(x) (Unfair Methods of Competition; Refusal to Insure)

  “(x) Refusal to insure. - In addition to other provisions of this code, the refusal to insure, or continue to insure, any individual or risk solely because of: 1. Race, color, creed, marital status, sex, or national origin; 2. The residence, age, or lawful occupation of the individual or the...”

• Fla. Stat. Sec. 626.112(1)(b) (License and Appointment Required; Solicitation of Insurance Defined)

  “a license as an insurance agent, service representative, customer representative, or limited customer representative is required in order to engage in the solicitation of insurance. For purposes of this requirement, as applicable to any of the license types described in this section, the...”

• Fla. Stat. Sec. 626.471(1) (Termination of Appointment; Notice to the Appointee)

  “Except when termination is upon a ground that would subject the appointee to suspension or revocation of his or her license and appointment under s. 626.611 or s. 626.621, and except as provided by contract between the appointing entity and the appointee, the appointing entity shall give at least...”

• Fla. Stat. Sec. 626.2815(3)(a) and (b) (Continuing Education Requirements; Elective Hours)

  “(a) Except as provided in paragraphs (b), (c), (d), (e), (i), and (j), each licensee must also complete 20 hours of elective continuing education courses every 2 years. (b) A licensee who has been licensed for 6 or more years must also complete a minimum of 16 hours of elective continuing education every 2 years.”

• Fla. Stat. Sec. 626.141 (Violation Not to Affect Validity of Insurance)

  “An insurance contract which is otherwise valid and binding as between the parties thereto shall not be rendered invalid by reason of having been solicited, handled, or procured by or through an unlicensed agent or customer representative or an agent or customer representative who has not been appointed.”

• Fla. Stat. Sec. 626.916(1)(d) (Eligibility for Export; Disclosure to the Insured)

  “The insured has signed or otherwise provided documented acknowledgment of a disclosure in substantially the following form: “You are agreeing to place coverage in the surplus lines market. Coverage may be available in the admitted market. Persons insured by surplus lines carriers are not protected...”

• Fla. Stat. Sec. 626.9741(3) (Use of Credit Reports and Credit Scores by Insurers; Notification)

  “(3) An insurer must inform an applicant or insured, in the same medium as the application is taken, that a credit report or score is being requested for underwriting or rating purposes. The notification to the consumer must include the following language: “The Department of Financial Services...”

• Fla. Stat. Sec. 626.9541(1)(a)1. (Unfair Methods of Competition; Misrepresentations and False Advertising of Insurance Policies)

  “(a) Misrepresentations and false advertising of insurance policies. - Knowingly making, issuing, circulating, or causing to be made, issued, or circulated, any estimate, illustration, circular, statement, sales presentation, omission, comparison, or property and casualty certificate of insurance...”

• Fla. Stat. Sec. 626.748 (Agent's Records)

  “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 of at least 5 years after policy expiration, such records of policies transacted by him or her as to enable the...”

• Fla. Stat. Sec. 626.572(1) (Rebating; When Allowed)

  “(1) No insurance agency agent shall rebate any portion of a commission except as follows: (a) The rebate shall be available to all insureds in the same actuarial class. (b) The rebate shall be in accordance with a rebating schedule filed by the agent with the insurer issuing the policy to which the...”

• Fla. Stat. Sec. 626.015(7) (Definitions; General Lines Agent)

  “(7) “General lines agent” means an agent transacting any one or more of the following kinds of insurance: (a) Property insurance. (b) Casualty insurance, including commercial liability insurance underwritten by a risk retention group, a commercial self-insurance fund as defined in s. 624.462, or a...”

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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