The Florida Senate

627.826  "Premium finance company" defined.--

(1)  An "insurance premium finance company" is:

(a)  A person engaged, in whole or in part, in the business of entering into premium finance agreements with insureds; or

(b)  A person engaged, in whole or in part, in the business of acquiring premium finance agreements from other premium finance companies.

(2)  Credit unions, banks, savings and loan associations, and other lending institutions as defined under chapters 516, 657, 658, and 665 or their federally chartered counterparts are exempt from the provisions of this part.

(3)  The inclusion of a charge for insurance on a bona fide sale of goods or services on installments is not subject to the provisions of this part.

History.--s. 1, ch. 63-16; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 166, ch. 79-164; s. 431, ch. 81-259; ss. 2, 3, ch. 81-318; ss. 594, 612, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 204, ch. 92-303; s. 114, ch. 92-318.