House Bill 0121

    Florida House of Representatives - 2000                 HB 121

        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 foreign

  4         entities from the definition of insurance

  5         agency under certain circumstances for purposes

  6         of sharing commissions; providing an effective

  7         date.

  8

  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 firm,

22  partnership, corporation, association, or other entity, which

23  is owned or controlled by a resident of this state or a

24  business entity within this state, which uses or employs a

25  nonresident agent licensed under s. 626.741 and which

26  furnishes advertising or solicitation materials which are

27  distributed in this state or uses unlicensed personnel to

28  initiate customer contact with a nonresident agent, shall not

29  be deemed as an insurance agency for purposes of s. 626.753.

30         Section 2.  This act shall take effect July 1, 2000.

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






    Florida House of Representatives - 2000                 HB 121

    589-143-00






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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 entities, owned
      or controlled by a Florida resident or business entity,
  5    which use or employ a Florida-licensed nonresident agent
      and which furnish advertising or solicitation materials
  6    which are distributed in this state or use unlicensed
      personnel to initiate customer contact with a nonresident
  7    agent.

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