House Bill 0785er

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





    ENROLLED

    2000 Legislature                                     CS/HB 785



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  2         An act relating to insurance commission

  3         sharing; amending s. 320.771, F.S.; prohibiting

  4         the sharing of insurance commissions with

  5         certain unlicensed persons under certain

  6         circumstances; providing an effective date.

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

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10         Section 1.  Subsection (17) is added to section

11  320.771, Florida Statutes, to read:

12         320.771  License required of recreational vehicle

13  dealers.--

14         (17)  PROHIBITED COMMISSION SHARING.--In accordance

15  with the provisions of s. 626.753, a dealer or recreational

16  vehicle broker, as defined in this section, who is not a

17  licensed insurance agent may not share in the commission on

18  the sale of insurance coverage on the types of recreational

19  vehicles defined in s. 320.01(1)(b) by the creation of a

20  foreign partnership, corporation, or other entity which is

21  controlled by a person or entity not licensed as an insurance

22  agent.

23         Section 2.  This act shall take effect October 1, 2000.

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