Senate Bill 0106

    Florida Senate - 2000                                   SB 106

    By Senator Mitchell





    4-146-00

  1                      A bill to be entitled

  2         An act relating to insurance; amending s.

  3         624.426, F.S.; providing an exemption to the

  4         countersignature law for specified insurance

  5         policies; providing an effective date.

  6

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

  8

  9         Section 1.  Subsection (5) is added to section 624.426,

10  Florida Statutes, to read:

11         624.426  Exceptions to resident agent and

12  countersignature law.--Section 624.425 does not apply to:

13         (5)  Policies of insurance issued by insurers whose

14  agents represent only one company or group of companies under

15  common ownership and for which a Florida resident agent

16  services the policy of insurance.

17         Section 2.  This act shall take effect upon becoming a

18  law.

19

20            *****************************************

21                          SENATE SUMMARY

22    Provides an exception to insurance countersignature
      requirements for policies issued by certain insurers with
23    Florida resident agents.

24

25

26

27

28

29

30

31

                                  1