Senate Bill 0314

    Florida Senate - 2000                                   SB 314

    By Senator Rossin





    35-180-00

  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 firm,

22  partnership, corporation, association, or other entity that is

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

24  entity within this state, that uses or employs a nonresident

25  agent licensed under s. 626.741, and that furnishes

26  advertising or solicitation materials that are distributed in

27  this state or uses unlicensed personnel to initiate customer

28  contact with a nonresident agent shall not be deemed as an

29  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 Senate - 2000                                   SB 314
    35-180-00




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  2                          SENATE SUMMARY

  3    Excludes certain foreign corporations formed by residents
      of, or business entities within, criteria from the
  4    definition of "insurance agency" for purposes of
      regulating commission sharing.
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