House Bill 1003

    Florida House of Representatives - 1999                HB 1003

        By Representative Wiles






  1                      A bill to be entitled

  2         An act relating to insurance agencies; amending

  3         s. 626.094, F.S.; excluding certain

  4         corporations from the definition of insurance

  5         agency under certain circumstances for purposes

  6         of sharing commissions; providing an effective

  7         date.

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  9  Be It Enacted by the Legislature of the State of Florida:

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11         Section 1.  Section 626.094, Florida Statutes, is

12  amended to read:

13         626.094  "Insurance agency" defined.--An "insurance

14  agency" is a business location at which an individual, firm,

15  partnership, corporation, association, or other entity, except

16  for an employee of the individual, firm, partnership,

17  corporation, association, or other entity, and other than an

18  insurer as defined by s. 624.03 or an adjuster as defined by

19  s. 626.101, engages in any activity or employs individuals to

20  engage in any activity which by law may be performed only by a

21  licensed insurance agent or solicitor.  A foreign corporation

22  formed by a resident of this state or business entity within

23  this state primarily for the purpose of placing the license of

24  a nonresident agent, licensed under s. 626.741, into such

25  corporation and thereafter marketing property and casualty

26  insurance in this state shall not be deemed an insurance

27  agency for purposes of s. 626.753.

28         Section 2.  This act shall take effect July 1, 1999.

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CODING: Words stricken are deletions; words underlined are additions.






    Florida House of Representatives - 1999                HB 1003

    589-128-99






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  2                          HOUSE SUMMARY

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      Excludes from the definition of insurance agency, for
  4    purposes of sharing commissions, foreign corporations
      formed primarily to place in the corporation a
  5    nonresident agent's license and market property and
      casualty insurance in this state.
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