| 1 | Representative Nelson offered the following: |
| 2 |
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| 3 | Substitute Amendment for Amendment (683477) (with title |
| 4 | amendment) |
| 5 | Between lines 172 and 173, insert: |
| 6 | Section 4. Subsections (2) and (3) of section 626.331, |
| 7 | Florida Statutes, are amended to read: |
| 8 | 626.331 Number of appointments permitted or required.-- |
| 9 | (2) An agent shall be required to have a separate |
| 10 | appointment as to each insurer by whom he or she is appointed as |
| 11 | an agent. An insurance holding company may act as the appointing |
| 12 | entity for all insurer members of the holding company system and |
| 13 | may appoint an agent to transact insurance or adjust claims on |
| 14 | behalf of two or more such insurers in a single appointment. |
| 15 | However, the insurance holding company shall pay the appointment |
| 16 | fee, pursuant to s. 624.501(6) as if each individual insurer had |
| 17 | appointed each agent. An agent must appoint himself or herself |
| 18 | before performing the functions of a viatical settlement broker. |
| 19 | (3) The department may issue a single appointment to an |
| 20 | agent covering: |
| 21 | (a) Both life and health insurances to an individual |
| 22 | licensed as to both such kinds of insurance and appointed as |
| 23 | agent as to both such kinds by the same insurer; or |
| 24 | (b) Appointments by an insurance holding company to |
| 25 | transact insurance or adjust claims on behalf of two or more |
| 26 | insurers and each insurer must maintain records of such |
| 27 | appointments. |
| 28 |
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| 29 |
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| 30 | ----------------------------------------------------- |
| 31 | T I T L E A M E N D M E N T |
| 32 | Remove line 16 and insert: |
| 33 | consultants; amending s. 626.331, F.S.; revising requirements |
| 34 | for number of appointments permitted or required; amending s. |
| 35 | 626.681, F.S.; authorizing |