1 | A bill to be entitled |
2 | An act relating to property insurance appraisal umpires |
3 | and property insurance appraisers; amending s. 624.501, |
4 | F.S.; providing license application, issuance, biennial |
5 | renewal, or continuation fees for property insurance |
6 | appraisal umpires and property insurance appraisers; |
7 | amending s. 626.015, F.S.; defining the terms "property |
8 | insurance loss appraiser" and "property insurance |
9 | appraisal umpire" for purposes of the Licensing Procedures |
10 | Law; amending s. 626.016, F.S.; providing that property |
11 | insurance appraisal umpires and property insurance |
12 | appraisers are subject to the powers of the Department of |
13 | Financial Services, the Financial Services Commission, and |
14 | the Office of Insurance Regulation; amending s. 626.022, |
15 | F.S.; expanding the scope of part I of ch. 626, F.S., to |
16 | include property insurance appraisal umpires and property |
17 | insurance appraisers; deleting obsolete provisions; |
18 | amending s. 626.112, F.S.; requiring that property |
19 | insurance appraisal umpires and property insurance |
20 | appraisers operating in this state be licensed by the |
21 | department; creating part XII of ch. 626, F.S.; creating |
22 | s. 626.9931, F.S.; providing legislative findings and |
23 | purpose; creating s. 626.9932, F.S.; providing the scope |
24 | and parameters for application; creating s. 626.9933, |
25 | F.S.; providing definitions; creating s. 626.9934, F.S.; |
26 | providing procedures for the application for licensure as |
27 | a property insurance appraisal umpire and as a property |
28 | insurance appraiser; requiring that all applicants be |
29 | fingerprinted by a law enforcement agency or other entity |
30 | approved by the department at the time of application; |
31 | requiring the department to develop and maintain an |
32 | updated list of licensed umpires and licensed property |
33 | insurance appraisers; creating s. 626.9935, F.S.; |
34 | authorizing the department to adopt rules; creating s. |
35 | 626.9936, F.S.; providing qualifications for licensure as |
36 | a property insurance appraisal umpire and as a property |
37 | insurance appraiser; creating s. 626.9937, F.S.; providing |
38 | professional and educational requirements for licensure as |
39 | a property insurance appraisal umpire and property |
40 | insurance appraiser; creating s. 626.9938, F.S.; providing |
41 | for the regulation of umpire and property insurance |
42 | appraiser course providers, instructors, and courses; |
43 | requiring the department to adopt rules establishing |
44 | standards for providers, instructors, and courses, and a |
45 | process for determining compliance with certain |
46 | prelicensure requirements; adopting forms to be used for |
47 | the administration of such requirements; creating s. |
48 | 626.9939, F.S.; providing grounds for the compulsory |
49 | refusal, suspension, or revocation of an umpire's license |
50 | and a property insurance appraiser's license; creating s. |
51 | 626.9940, F.S.; providing grounds for the discretionary |
52 | refusal, suspension, or revocation of an umpire's license |
53 | and a property insurance appraiser's license; creating s. |
54 | 626.9941, F.S.; providing ethical standards for property |
55 | insurance appraisal umpires; creating s. 626.9942, F.S.; |
56 | requiring that a licensed property insurance appraisal |
57 | umpire and property insurance appraiser retain certain |
58 | records for a specified period; requiring that umpires and |
59 | property insurance appraisers make such records available |
60 | for inspection and copying by the department; requiring |
61 | that appraisals that are the subject of litigation or have |
62 | been admitted as evidence in a lawsuit be retained for a |
63 | specified period; creating s. 626.9943, F.S.; providing |
64 | ethical standards for licensed property insurance |
65 | appraisers; creating s. 627.4141, F.S.; providing |
66 | procedures that must be followed if a residential or |
67 | commercial property insurance contract provides that |
68 | either party may submit a written demand to enter into the |
69 | process of appraisal when the insured and the insurer fail |
70 | to mutually agree to the actual cash value, the amount of |
71 | loss, or the cost of repair or replacement of property for |
72 | which a claim has been filed; providing an exception upon |
73 | which an insurer may refuse to accept such demand; |
74 | authorizing each party to select a competent licensed and |
75 | independent appraiser and to notify the opposing party |
76 | within a specified period; requiring the appraisers to |
77 | select a licensed umpire from the department's list of |
78 | licensed umpires; authorizing either party to file a |
79 | petition, in a county or circuit court in the jurisdiction |
80 | in which the covered property is located, to designate a |
81 | licensed umpire if the appraisers cannot agree on the |
82 | selection of a licensed umpire; providing that appraisal |
83 | proceedings are informal unless the insurer and the |
84 | insured agree otherwise; defining and providing the scope |
85 | of the term "informal" for purposes of appraisal |
86 | proceedings; requiring each licensed appraiser to submit a |
87 | written report to the other licensed appraisers; requiring |
88 | that any differences in findings among the licensed |
89 | appraisers which cannot be resolved by the licensed |
90 | appraisers themselves within a specified period be |
91 | submitted to the licensed umpire for review; requiring the |
92 | licensed umpire to submit his or her conclusions regarding |
93 | any unresolved differences in the findings of the |
94 | licensed appraisers within a specified period; providing |
95 | that if either licensed appraiser agrees with the |
96 | conclusions of the licensed umpire, an itemized written |
97 | appraisal award signed by the licensed umpire and licensed |
98 | appraiser shall be filed with the insurer and shall |
99 | determine the amount of the loss; providing that the |
100 | appraisal award is binding upon the insurer and the |
101 | insured; providing for compensation of the licensed |
102 | appraisers and the licensed umpire; providing that the |
103 | Florida Arbitration Code does not apply to residential or |
104 | commercial property insurance loss appraisal proceedings; |
105 | providing that certain provisions of the Florida |
106 | Arbitration Code relating to procedural matters do apply; |
107 | prohibiting the appraisal process from addressing issues |
108 | involving coverage or lack thereof under an insurance |
109 | contract; authorizing the licensed umpire and licensed |
110 | appraisers to consider causation issues when necessary to |
111 | determine the amount of loss; amending ss. 626.172, |
112 | 626.7845, 626.8305, and 626.8411, F.S.; conforming cross- |
113 | references; providing an effective date. |
114 |
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115 | Be It Enacted by the Legislature of the State of Florida: |
116 |
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117 | Section 1. Subsection (5) of section 624.501, Florida |
118 | Statutes, is amended, and subsection (29) is added to that |
119 | section, to read: |
120 | 624.501 Filing, license, appointment, and miscellaneous |
121 | fees.-The department, commission, or office, as appropriate, |
122 | shall collect in advance, and persons so served shall pay to it |
123 | in advance, fees, licenses, and miscellaneous charges as |
124 | follows: |
125 | (5) All insurance representatives, property insurance |
126 | appraisal umpires, and property insurance appraisers application |
127 | for license, application for reinstatement of suspended license, |
128 | each filing, filing |
129 | fee..................................................$50.00 |
130 | (29) Property insurance appraisal umpire and property |
131 | insurance appraiser original appointment, biennial renewal, or |
132 | continuation by the |
133 | licensee..................................................$50.00 |
134 | Section 2. Present subsections (16), (17), and (18) of |
135 | section 626.015, Florida Statutes, are renumbered as subsections |
136 | (18), (19), and (20), respectively, and new subsections (16) and |
137 | (17) are added to that section to read: |
138 | 626.015 Definitions.-As used in this part: |
139 | (16) "Property insurance loss appraiser" has the same |
140 | meaning as in s. 626.9933. |
141 | (17) "Property insurance appraisal umpire" has the same |
142 | meaning as in s. 626.9933. |
143 | Section 3. Subsection (1) of section 626.016, Florida |
144 | Statutes, is amended to read: |
145 | 626.016 Powers and duties of department, commission, and |
146 | office.- |
147 | (1) The powers and duties of the Chief Financial Officer |
148 | and the department specified in this part apply only with |
149 | respect to insurance agents, insurance agencies, managing |
150 | general agents, insurance adjusters, reinsurance intermediaries, |
151 | viatical settlement brokers, customer representatives, service |
152 | representatives, property insurance appraisers, and property |
153 | insurance appraisal umpires agencies. |
154 | Section 4. Subsection (1) of section 626.022, Florida |
155 | Statutes, is amended to read: |
156 | 626.022 Scope of part.- |
157 | (1) This part applies as to insurance agents, service |
158 | representatives, adjusters, property insurance appraisal |
159 | umpires, property insurance appraisers, and insurance agencies; |
160 | as to any and all kinds of insurance; and as to stock insurers, |
161 | mutual insurers, reciprocal insurers, and all other types of |
162 | insurers, except that: |
163 | (a) It does not apply as to reinsurance, except that ss. |
164 | 626.011-626.022, ss. 626.112-626.181, ss. 626.191-626.211, ss. |
165 | 626.291-626.301, s. 626.331, ss. 626.342-626.521, ss. 626.541- |
166 | 626.591, and ss. 626.601-626.711 shall apply as to reinsurance |
167 | intermediaries as defined in s. 626.7492. |
168 | (b) The applicability of this chapter as to fraternal |
169 | benefit societies shall be as provided in chapter 632. |
170 | (c) It does not apply to a bail bond agent, as defined in |
171 | s. 648.25, except as provided in chapter 648 or chapter 903. |
172 | (d) It This part does not apply to a certified public |
173 | accountant licensed under chapter 473 who is acting within the |
174 | scope of the practice of public accounting, as defined in s. |
175 | 473.302, if provided that the activities of the certified public |
176 | accountant are limited to advising a client of the necessity of |
177 | obtaining insurance, the amount of insurance needed, or the line |
178 | of coverage needed, and if provided that the certified public |
179 | accountant does not directly or indirectly receive or share in |
180 | any commission or referral fee. |
181 | Section 5. Section 626.112, Florida Statutes, is amended |
182 | to read: |
183 | 626.112 License and appointment required; agents, customer |
184 | representatives, adjusters, insurance agencies, service |
185 | representatives, managing general agents, property insurance |
186 | appraisers, and property insurance appraisal umpires.- |
187 | (1)(a) No person may be, act as, or advertise or hold |
188 | himself or herself out to be an insurance agent, insurance |
189 | adjuster, property insurance appraiser, property insurance |
190 | appraisal umpire, or customer representative unless he or she is |
191 | currently licensed by the department and appointed by an |
192 | appropriate appointing entity or person. |
193 | (b) Except as provided in subsection (8) (6) or in |
194 | applicable department rules, and in addition to other conduct |
195 | described in this chapter with respect to particular types of |
196 | agents, a license as an insurance agent, service representative, |
197 | customer representative, or limited customer representative is |
198 | required in order to engage in the solicitation of insurance. |
199 | For purposes of this requirement, as applicable to any of the |
200 | license types described in this section, the solicitation of |
201 | insurance is the attempt to persuade any person to purchase an |
202 | insurance product by: |
203 | 1. Describing the benefits or terms of insurance coverage, |
204 | including premiums or rates of return; |
205 | 2. Distributing an invitation to contract to prospective |
206 | purchasers; |
207 | 3. Making general or specific recommendations as to |
208 | insurance products; |
209 | 4. Completing orders or applications for insurance |
210 | products; |
211 | 5. Comparing insurance products, advising as to insurance |
212 | matters, or interpreting policies or coverages; or |
213 | 6. Offering or attempting to negotiate on behalf of |
214 | another person a viatical settlement contract as defined in s. |
215 | 626.9911. |
216 |
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217 | However, an employee leasing company licensed pursuant to |
218 | chapter 468 which is seeking to enter into a contract with an |
219 | employer that identifies products and services offered to |
220 | employees may deliver proposals for the purchase of employee |
221 | leasing services to prospective clients of the employee leasing |
222 | company setting forth the terms and conditions of doing |
223 | business; classify employees as permitted by s. 468.529; collect |
224 | information from prospective clients and other sources as |
225 | necessary to perform due diligence on the prospective client and |
226 | to prepare a proposal for services; provide and receive |
227 | enrollment forms, plans, and other documents; and discuss or |
228 | explain in general terms the conditions, limitations, options, |
229 | or exclusions of insurance benefit plans available to the client |
230 | or employees of the employee leasing company were the client to |
231 | contract with the employee leasing company. Any advertising |
232 | materials or other documents describing specific insurance |
233 | coverages must identify and be from a licensed insurer or its |
234 | licensed agent or a licensed and appointed agent employed by the |
235 | employee leasing company. The employee leasing company may not |
236 | advise or inform the prospective business client or individual |
237 | employees of specific coverage provisions, exclusions, or |
238 | limitations of particular plans. As to clients for which the |
239 | employee leasing company is providing services pursuant to s. |
240 | 468.525(4), the employee leasing company may engage in |
241 | activities permitted by ss. 626.7315, 626.7845, and 626.8305, |
242 | subject to the restrictions specified in those sections. If a |
243 | prospective client requests more specific information concerning |
244 | the insurance provided by the employee leasing company, the |
245 | employee leasing company must refer the prospective business |
246 | client to the insurer or its licensed agent or to a licensed and |
247 | appointed agent employed by the employee leasing company. |
248 | (2) No agent or customer representative shall solicit or |
249 | otherwise transact as agent or customer representative, or |
250 | represent or hold himself or herself out to be an agent or |
251 | customer representative as to, any kind or kinds of insurance |
252 | for as to which he or she is not then licensed and appointed. |
253 | (3) No person shall act as an adjuster as to any class of |
254 | business for which he or she is not then licensed and appointed. |
255 | (4) No property insurance appraiser shall act as an |
256 | adjuster as to any class of business for which he or she is not |
257 | licensed and appointed. |
258 | (5) No property insurance appraisal umpire shall act as an |
259 | adjuster as to any class of business for which he or she is not |
260 | licensed and appointed. |
261 | (6)(4) No person shall be, act as, or represent or hold |
262 | himself or herself out to be a service representative unless he |
263 | or she then holds a currently effective service representative |
264 | license and appointment. This subsection does not apply as to |
265 | similar representatives or employees of casualty insurers whose |
266 | duties are restricted to health insurance. |
267 | (7)(5) No person shall be, act as, or represent or hold |
268 | himself or herself out to be a managing general agent unless he |
269 | or she then holds a currently effective managing general agent |
270 | license and appointment. |
271 | (8)(6) An individual employed by a life or health insurer |
272 | as an officer or other salaried representative may solicit and |
273 | effect contracts of life insurance or annuities or of health |
274 | insurance, without being licensed as an agent, when and only if |
275 | when he or she is accompanied by and solicits for and on the |
276 | behalf of a licensed and appointed agent. |
277 | (9)(7)(a) Effective October 1, 2006, No individual, firm, |
278 | partnership, corporation, association, or any other entity shall |
279 | act in its own name or under a trade name, directly or |
280 | indirectly, as an insurance agency, unless it complies with s. |
281 | 626.172 with respect to possessing an insurance agency license |
282 | for each place of business at which it engages in any activity |
283 | which may be performed only by a licensed insurance agent. Each |
284 | agency engaged in business in this state before January 1, 2003, |
285 | which is wholly owned by insurance agents currently licensed and |
286 | appointed under this chapter, each incorporated agency whose |
287 | voting shares are traded on a securities exchange, each agency |
288 | designated and subject to supervision and inspection as a branch |
289 | office under the rules of the National Association of Securities |
290 | Dealers, and each agency whose primary function is offering |
291 | insurance as a service or member benefit to members of a |
292 | nonprofit corporation may file an application for registration |
293 | in lieu of licensure in accordance with s. 626.172(3). Each |
294 | agency engaged in business before October 1, 2006, shall file an |
295 | application for licensure or registration on or before October |
296 | 1, 2006. |
297 | 1. If an agency is required to be licensed but fails to |
298 | file an application for licensure in accordance with this |
299 | section, the department shall impose on the agency an |
300 | administrative penalty in an amount of up to $10,000. |
301 | 2. If an agency is eligible for registration but fails to |
302 | file an application for registration or an application for |
303 | licensure in accordance with this section, the department shall |
304 | impose on the agency an administrative penalty in an amount of |
305 | up to $5,000. |
306 | (b) A registered insurance agency shall, as a condition |
307 | precedent to continuing business, obtain an insurance agency |
308 | license if the department finds that, with respect to any |
309 | majority owner, partner, manager, director, officer, or other |
310 | person who manages or controls the agency, any person has: |
311 | 1. Been found guilty of, or has pleaded guilty or nolo |
312 | contendere to, a felony in this state or any other state |
313 | relating to the business of insurance or to an insurance agency, |
314 | without regard to whether a judgment of conviction has been |
315 | entered by the court having jurisdiction of the cases. |
316 | 2. Employed any individual in a managerial capacity or in |
317 | a capacity dealing with the public who is under an order of |
318 | revocation or suspension issued by the department. An insurance |
319 | agency may request, on forms prescribed by the department, |
320 | verification of any person's license status. If a request is |
321 | mailed within 5 working days after an employee is hired, and the |
322 | employee's license is currently suspended or revoked, the agency |
323 | shall not be required to obtain a license, if the unlicensed |
324 | person's employment is immediately terminated. |
325 | 3. Operated the agency or permitted the agency to be |
326 | operated in violation of s. 626.747. |
327 | 4. With such frequency as to have made the operation of |
328 | the agency hazardous to the insurance-buying public or other |
329 | persons: |
330 | a. Solicited or handled controlled business. This |
331 | subparagraph shall not prohibit the licensing of any lending or |
332 | financing institution or creditor, with respect to insurance |
333 | only, under credit life or disability insurance policies of |
334 | borrowers from the institutions, which policies are subject to |
335 | part IX of chapter 627. |
336 | b. Misappropriated, converted, or unlawfully withheld |
337 | moneys belonging to insurers, insureds, beneficiaries, or others |
338 | and received in the conduct of business under the license. |
339 | c. Unlawfully rebated, attempted to unlawfully rebate, or |
340 | unlawfully divided or offered to divide commissions with |
341 | another. |
342 | d. Misrepresented any insurance policy or annuity |
343 | contract, or used deception with regard to any policy or |
344 | contract, done either in person or by any form of dissemination |
345 | of information or advertising. |
346 | e. Violated any provision of this code or any other law |
347 | applicable to the business of insurance in the course of dealing |
348 | under the license. |
349 | f. Violated any lawful order or rule of the department. |
350 | g. Failed or refused, upon demand, to pay over to any |
351 | insurer he or she represents or has represented any money coming |
352 | into his or her hands belonging to the insurer. |
353 | h. Violated the provision against twisting as defined in |
354 | s. 626.9541(1)(l). |
355 | i. In the conduct of business, engaged in unfair methods |
356 | of competition or in unfair or deceptive acts or practices, as |
357 | prohibited under part IX of this chapter. |
358 | j. Willfully overinsured any property insurance risk. |
359 | k. Engaged in fraudulent or dishonest practices in the |
360 | conduct of business arising out of activities related to |
361 | insurance or the insurance agency. |
362 | l. Demonstrated lack of fitness or trustworthiness to |
363 | engage in the business of insurance arising out of activities |
364 | related to insurance or the insurance agency. |
365 | m. Authorized or knowingly allowed individuals to transact |
366 | insurance who were not then licensed as required by this code. |
367 | 5. Knowingly employed any person who within the preceding |
368 | 3 years has had his or her relationship with an agency |
369 | terminated in accordance with paragraph (d). |
370 | 6. Willfully circumvented the requirements or prohibitions |
371 | of this code. |
372 | (10)(8) No insurance agent, insurance agency, or other |
373 | person licensed under the Insurance Code may pay any fee or |
374 | other consideration to an unlicensed person other than an |
375 | insurance agency for the referral of prospective purchasers to |
376 | an insurance agent which is in any way dependent upon whether |
377 | the referral results in the purchase of an insurance product. |
378 | (11)(9) Any person who knowingly transacts insurance or |
379 | otherwise engages in insurance activities in this state without |
380 | a license in violation of this section commits a felony of the |
381 | third degree, punishable as provided in s. 775.082, s. 775.083, |
382 | or s. 775.084. |
383 | (12) Effective July 1, 2012, a person may not act as, |
384 | represent himself or herself as, or hold himself or herself out |
385 | to be a property insurance appraisal umpire unless he or she |
386 | holds a current property insurance appraisal umpire license |
387 | issued by the department. |
388 | Section 6. Part XII of chapter 626, Florida Statutes, |
389 | consisting of sections 626.9931, 626.9932, 626.9933, 626.9934, |
390 | 626.9935, 626.9936, 626.9937, 626.9938, 626.9939, 626.9940, |
391 | 626.9941, 626.9942, and 626.9943, is created to read: |
392 | 626.9931 Purpose.-The Legislature finds that it is in the |
393 | interest of the public welfare to regulate property insurance |
394 | loss appraisers and property insurance appraisal umpires in this |
395 | state. |
396 | 626.9932 Scope of part.-This part applies to residential |
397 | and commercial residential property insurance contracts that |
398 | contain an appraisal clause and to the umpires and appraisers |
399 | who participate in the appraisal process as a result of an |
400 | appraisal clause. |
401 | 626.9933 Definitions.-As used in this part, the term: |
402 | (1) "Appraisal" means the process of estimating or |
403 | evaluating actual cash value, the amount of loss, or the cost of |
404 | repair or replacement of property for the purpose of quantifying |
405 | the monetary value of a property loss claim when an insurer and |
406 | an insured have failed to mutually agree on the value of the |
407 | loss pursuant to a residential or commercial residential |
408 | property insurance contract that is required in the residential |
409 | or commercial residential property insurance contract for the |
410 | resolution of a claim dispute by appraisal. |
411 | (2) "Competent" means properly licensed, sufficiently |
412 | qualified and capable to perform an appraisal. |
413 | (3) "Independent" means not subject to control, |
414 | restriction, modification, and limitation by the appointing |
415 | party. |
416 | (4) "Property insurance appraisal umpire" or "umpire" |
417 | means a competent, independent, licensed, and impartial third |
418 | party selected by the licensed appraisers for the insurer and |
419 | the insured to resolve issues for which the licensed appraisers |
420 | are unable to reach an agreement in the course of the appraisal |
421 | process pursuant to a residential or commercial residential |
422 | property insurance contract that is required to provide for the |
423 | resolution of a claim dispute by appraisal. |
424 | (5) "Property insurance loss appraiser" or "appraiser" |
425 | mean a competent, licensed, and independent third party selected |
426 | by an insurer or an insured to develop an appraisal for purposes |
427 | of the appraisal process under a residential or commercial |
428 | residential property insurance contract that is required to |
429 | provide for the resolution of a claim dispute by appraisal. |
430 | 626.9934 Property insurance appraisal umpire and property |
431 | insurance appraiser applications; fingerprinting required; |
432 | umpire list.- |
433 | (1) Application for a license under this part shall be |
434 | made as provided in s. 626.171 and related sections of this |
435 | code. |
436 | (2) At the time of application, the applicant must be |
437 | fingerprinted by a law enforcement agency or other entity |
438 | approved by the department and must pay the fingerprint |
439 | processing fee specified in s. 624.501. Fingerprints must be |
440 | processed in accordance with s. 624.34. |
441 | (3) The department shall develop and maintain as a public |
442 | record a current list of licensed property insurance appraisal |
443 | umpires and licensed property insurance appraisers. |
444 | 626.9935 Rulemaking authority.-The department may adopt |
445 | rules to administer the requirements of this part. |
446 | 626.9936 Qualifications for licensure as a property |
447 | insurance appraisal umpire or property insurance appraiser.- |
448 | (1) The department may not issue a license as a property |
449 | insurance appraisal umpire or a property insurance appraiser to |
450 | any individual found by it to be untrustworthy or incompetent, |
451 | or who has not met the following qualifications: |
452 | (a) The applicant has filed an application with the |
453 | department in accordance with s. 626.171. |
454 | (b) The applicant is a natural person who is at least 18 |
455 | years of age. |
456 | (c) The applicant is a United States citizen or legal |
457 | alien who possesses work authorization from the United States |
458 | Bureau of Citizenship and Immigration Services. |
459 | (d) The applicant has completed the education, experience, |
460 | or licensing requirements in s. 626.9937. |
461 | (2) An incomplete application expires 6 months after the |
462 | date it is received. |
463 | (3) An applicant seeking to become licensed under this |
464 | part may not be rejected solely by virtue of membership or lack |
465 | of membership in any particular appraisal organization. |
466 | 626.9937 Professional or educational requirements for |
467 | insurance appraisal umpires and property insurance appraisers |
468 | applicants.-The department may not issue a license to an |
469 | applicant for licensure as a property insurance appraisal umpire |
470 | or property insurance appraiser unless the applicant meets one |
471 | of the following requirements: |
472 | (1) The applicant is currently licensed, registered, |
473 | certified, or approved as an engineer as defined in s. 471.005, |
474 | or as a retired professional engineer as defined in s. 471.005 |
475 | and has taught or successfully completed 4 hours of classroom |
476 | coursework, approved by the department, specifically related to |
477 | construction, building codes, appraisal procedure, appraisal |
478 | preparation, and any other related material deemed appropriate |
479 | by the department. |
480 | (2) The applicant is currently or, within the 5 years |
481 | immediately preceding the date on which the application is filed |
482 | with the department, has been licensed, registered, certified, |
483 | or approved as a general contractor, building contractor, or |
484 | residential contractor as defined in s. 489.105 and has taught |
485 | or successfully completed 4 hours of classroom coursework, |
486 | approved by the department, specifically related to |
487 | construction, building codes, appraisal procedure, appraisal |
488 | preparation, and any other related material deemed appropriate |
489 | by the department. |
490 | (3) The applicant is currently or, within the 5 years |
491 | immediately preceding the date on which the application is filed |
492 | with the department, has been licensed or registered as an |
493 | architect to engage in the practice of architecture pursuant to |
494 | part I of chapter 481 and has taught or successfully completed 4 |
495 | hours of classroom coursework, approved by the department, |
496 | specifically related to construction, building codes, appraisal |
497 | procedure, appraisal preparation, and any other related material |
498 | deemed appropriate by the department. |
499 | (4) The applicant is currently or, within the 5 years |
500 | immediately preceding the date on which the application is filed |
501 | with the department, has been a qualified geologist or |
502 | professional geologist as defined in s. 492.102 and has taught |
503 | or successfully completed 4 hours of classroom coursework, |
504 | approved by the department, specifically related to |
505 | construction, building codes, appraisal procedure, appraisal |
506 | preparation, and any other related material deemed appropriate |
507 | by the department. |
508 | (5) The applicant is currently or, within the 5 years |
509 | immediately preceding the date on which the application is filed |
510 | with the department, has been licensed as a certified public |
511 | accountant as defined in s. 473.302 and has taught or |
512 | successfully completed 4 hours of classroom coursework, approved |
513 | by the department, specifically related to construction, |
514 | building codes, appraisal procedure, appraisal preparation, and |
515 | any other related material deemed appropriate by the department. |
516 | (6) The applicant is currently or, within the 5 years |
517 | immediately preceding the date on which the application is filed |
518 | with the department, has been licensed as an attorney at law in |
519 | this state and has taught or successfully completed 4 hours of |
520 | classroom coursework, approved by the department, specifically |
521 | related to construction, building codes, appraisal procedure, |
522 | appraisal preparation, and any other related material deemed |
523 | appropriate by the department. |
524 | (7) The applicant has received a baccalaureate degree from |
525 | an accredited 4-year college in the field of engineering, |
526 | architecture, or building construction and has taught or |
527 | successfully completed 4 hours of classroom coursework, approved |
528 | by the department, specifically related to construction, |
529 | building codes, appraisal procedure, appraisal preparation, and |
530 | any other related material deemed appropriate by the department. |
531 | (8) The applicant is a currently licensed adjuster whose |
532 | license covers all lines of insurance except the life and |
533 | annuities class. The adjuster's license must include the |
534 | property and casualty class of insurance. The currently licensed |
535 | adjuster must be licensed for at least 3 years to qualify for a |
536 | property insurance appraiser's license. The currently licensed |
537 | adjuster must be licensed for at least 5 years to qualify for a |
538 | property insurance appraisal umpire's license. |
539 | (a) Has 1 year of proven experience as an employee of a |
540 | general contractor, building contractor, or residential |
541 | contractor; or |
542 | (b) Has received a minimum of 8 semester hours or 12 |
543 | quarter hours of credit from an accredited college in the field |
544 | of accounting, geology, engineering, architecture, or building |
545 | construction. |
546 | (9) The applicant has successfully completed 40 hours of |
547 | classroom coursework, approved by the department, specifically |
548 | related to construction, building codes, appraisal procedure, |
549 | appraisal preparation, property insurance, and any other related |
550 | material deemed appropriate by the department. |
551 | 626.9938 Regulation of umpire and property appraiser |
552 | course providers, instructors, and courses.- |
553 | (1) Each umpire or property appraiser course provider, |
554 | instructor, and classroom course must be approved by and |
555 | registered with the department before prelicensure courses for |
556 | property insurance appraisal umpires or property insurance |
557 | appraisers may be offered. Each classroom course must include a |
558 | written examination at the conclusion of the course and must |
559 | cover all of the material contained in the course. A student may |
560 | not receive credit for the course unless the student achieves a |
561 | grade of at least 75 on the examination. |
562 | (2) The department shall adopt rules establishing: |
563 | (a) Standards for the approval, registration, discipline, |
564 | or removal from registration of course providers, instructors, |
565 | and courses. The standards must be designed to ensure that |
566 | instructors have the knowledge, competence, and integrity to |
567 | fulfill the educational objectives of the prelicensure |
568 | requirements of this part. |
569 | (b) A process for determining compliance with the |
570 | prelicensure requirements of this part. The department shall |
571 | adopt rules prescribing the forms necessary to administer the |
572 | prelicensure requirements of this part. |
573 | (3) Approval to teach prescribed or approved appraisal |
574 | courses does not entitle the instructor to teach any courses |
575 | outside the scope of this part. |
576 | 626.9939 Grounds for compulsory refusal, suspension, or |
577 | revocation of an umpire's or appraiser's license.-In addition to |
578 | the grounds set forth in s. 626.611, the department shall deny |
579 | an application for, and suspend, revoke, or refuse to renew or |
580 | continue, a license as a property insurance appraisal umpire or |
581 | property insurance appraiser if the applicant or licensee has: |
582 | (1) Violated a duty imposed upon her or him by law or by |
583 | the terms of a contract, whether written, oral, express, or |
584 | implied, in an appraisal; has aided, assisted, or conspired with |
585 | any other person engaged in any such misconduct and in |
586 | furtherance thereof; or has formed an intent, design, or scheme |
587 | to engage in such misconduct and committed an overt act in |
588 | furtherance of such intent, design, or scheme. It is immaterial |
589 | to a finding that a licensee has committed a violation of this |
590 | subsection that the victim or intended victim of the misconduct |
591 | has sustained no damage or loss, that the damage or loss has |
592 | been settled and paid after the discovery of misconduct, or that |
593 | such victim or intended victim was a customer or a person in a |
594 | confidential relation with the licensee or was an identified |
595 | member of the general public. |
596 | (2) Violated any provision of this part or any lawful |
597 | order or rule of the department. |
598 | (3) Had a registration, license, or certification as an |
599 | appraiser revoked, suspended, or otherwise acted against; has |
600 | had his or her registration, license, or certificate to practice |
601 | or conduct any regulated profession, business, or vocation |
602 | revoked or suspended by this or any other state, any nation, or |
603 | any possession or district of the United States; or has had an |
604 | application for such registration, licensure, or certification |
605 | to practice or conduct any regulated profession, business, or |
606 | vocation denied by this or any other state, any nation, or any |
607 | possession or district of the United States. |
608 | (4) Made or filed a report or record, written or oral, |
609 | which the licensee knows to be false; has willfully failed to |
610 | file a report or record required by state or federal law; has |
611 | willfully impeded or obstructed such filing; or has induced |
612 | another person to impede or obstruct such filing. |
613 | (5) Accepted an appointment as an umpire or appraiser if |
614 | the appointment is contingent upon the umpire or appraiser |
615 | reporting a predetermined result, analysis, or opinion, or if |
616 | the fee to be paid for the services of the umpire or appraiser |
617 | is contingent upon the opinion, conclusion, or valuation reached |
618 | by the umpire or appraiser. |
619 | 626.9940 Grounds for discretionary denial, suspension, or |
620 | revocation of a license as a property insurance appraisal umpire |
621 | or property insurance appraiser.- |
622 | (1) In addition to the applicable grounds set forth in s. |
623 | 626.621, the department may deny an application for and suspend, |
624 | revoke, or refuse to renew or continue a license as a property |
625 | insurance appraisal umpire if the applicant or licensee has: |
626 | (a) Failed to timely communicate with the appraisers |
627 | without good cause. |
628 | (b) Failed or refused to exercise reasonable diligence in |
629 | submitting recommendations to the appraisers. |
630 | (c) Violated any ethical standard for property insurance |
631 | appraisal umpires set forth in s. 626.9941. |
632 | (d) Failed to inform the department in writing within 30 |
633 | days after pleading guilty or nolo contendere to, or being |
634 | convicted or found guilty of, any felony. |
635 | (e) Failed to timely notify the department of any change |
636 | in business location, or has failed to fully disclose all |
637 | business locations from which he or she operates as a property |
638 | insurance appraisal umpire. |
639 | (2) In addition to the applicable grounds set forth in s. |
640 | 626.621, the department may deny an application for and suspend, |
641 | revoke, or refuse to renew or continue a license as a property |
642 | insurance appraiser if the applicant or licensee has: |
643 | (a) Violated any ethical standard for property insurance |
644 | appraisal umpires set forth in s. 626.9942. |
645 | (b) Failed to inform the department in writing within 30 |
646 | days after pleading guilty or nolo contendere to, or being |
647 | convicted or found guilty of, any felony. |
648 | (c) Failed to timely notify the department of any change |
649 | in business location, or has failed to fully disclose all |
650 | business locations from which he or she operates as a property |
651 | insurance appraisal umpire. |
652 | 626.9941 Ethical standards for property insurance |
653 | appraisal umpires.- |
654 | (1) CONFIDENTIALITY.-An umpire shall maintain |
655 | confidentiality of all information revealed during an appraisal |
656 | except where disclosure is required by law. |
657 | (2) RECORDKEEPING.-An umpire shall maintain |
658 | confidentiality in the storage and disposal of records and may |
659 | not disclose any identifying information when materials are used |
660 | for research, training, or statistical compilations. |
661 | (3) FEES AND EXPENSES.-An umpire holds a position of |
662 | trust. Fees charged for appraisal services shall be reasonable |
663 | and consistent with the nature of the case. An umpire shall be |
664 | guided by the following general principles in determining fees: |
665 | (a) Any charges for services as an umpire based on time |
666 | may not exceed actual time spent or allocated; |
667 | (b) Charges for costs shall be for those actually |
668 | incurred; and |
669 | (c) An umpire may not charge, agree to, or accept as |
670 | compensation or reimbursement any payment, commission, or fee |
671 | that is based on a percentage basis, or that is contingent upon |
672 | arriving at a particular value or any future happening or |
673 | outcome of the assignment. |
674 | (4) MAINTENANCE OF RECORDS.-An umpire shall maintain |
675 | records necessary to support charges for services and expenses, |
676 | and upon request shall provide an accounting of all applicable |
677 | charges to the parties. |
678 | (5) ADVERTISING.-An umpire may not engage in marketing |
679 | practices that contain false or misleading information. An |
680 | umpire shall ensure that any advertisements of the umpire's |
681 | qualifications, services to be rendered, or the appraisal |
682 | process are accurate and honest. An umpire may not make claims |
683 | of achieving specific outcomes or promises implying favoritism |
684 | for the purpose of obtaining business. |
685 | (6) INTEGRITY AND IMPARTIALITY.-An umpire may not accept |
686 | any engagement, provide any service, or perform any act that |
687 | would compromise the umpire's integrity or impartiality. |
688 | (7) SKILL AND EXPERIENCE.-An umpire shall decline an |
689 | appointment or selection, withdraw, or request appropriate |
690 | assistance when the facts and circumstances of the appraisal are |
691 | beyond the umpire's skill or experience. |
692 | 626.9942 Retention of records.-An umpire or appraiser |
693 | licensed under this part shall retain for at least 5 years |
694 | original or true copies of any contracts engaging the umpire's |
695 | services, appraisal reports, and supporting data assembled and |
696 | formulated by the umpire in preparing appraisal reports. The |
697 | period for retaining the records applicable to each engagement |
698 | starts on the date of the submission of the appraisal report to |
699 | the client. These records must be made available by the umpire |
700 | or appraiser for inspection and copying by the department upon |
701 | reasonable notice to the umpire. If an appraisal has been the |
702 | subject of, or has been admitted as evidence in, a lawsuit, |
703 | reports and records must be retained for at least 2 years after |
704 | the date the trial ends. |
705 | 626.9943 Ethical standards for property insurance |
706 | appraisers.- |
707 | (1) INTEGRITY AND IMPARTIALITY.- |
708 | (a) A licensed appraiser may not accept an appointment |
709 | unless he or she can serve impartially; can serve independently |
710 | from the party appointing him or her; is competent to serve; and |
711 | is available to promptly commence the appraisal, and thereafter |
712 | devote the time and attention for its completion that the |
713 | parties are reasonably entitled to expect. |
714 | (b) A licensed appraiser shall conduct the appraisal |
715 | process in a manner that advances the fair and efficient |
716 | resolution of the matters submitted for decision. A licensed |
717 | appraiser shall make all reasonable efforts to prevent delays in |
718 | the appraisal process, the harassment of parties or other |
719 | participants, or other abuse or disruption of the appraisal |
720 | process. |
721 | (c) Once a licensed appraiser has accepted an appointment, |
722 | the appraiser may not withdraw or abandon the appointment unless |
723 | compelled to do so by unanticipated circumstances that would |
724 | render it impossible or impracticable to continue. |
725 | (d) The licensed appraiser shall, after careful |
726 | deliberation, decide all issues submitted for determination and |
727 | no other issues. A licensed appraiser shall decide all matters |
728 | justly, exercising independent judgment, and may not allow |
729 | outside pressure to affect the decision. An appraiser may not |
730 | delegate the duty to decide to any other person. |
731 | (2) COMMUNICATIONS WITH PARTIES.- |
732 | (a) If an agreement of the parties establishes the manner |
733 | or content of the communications between the appraisers and the |
734 | parties, the appraiser shall abide by such agreement. In the |
735 | absence of agreement, an appraiser may not discuss a proceeding |
736 | with any party in the absence of any other party, except in the |
737 | following circumstances: |
738 | 1. If the appointment of the appraiser is being |
739 | considered, the prospective appraiser may ask about the |
740 | identities of the parties, counsel, and the general nature of |
741 | the case, and may respond to inquiries from a party or its |
742 | counsel designed to determine his or her suitability and |
743 | availability for the appointment; |
744 | 2. To consult with the party who appointed the appraiser |
745 | concerning the selection of a neutral umpire; |
746 | 3. To make arrangements for any compensation to be paid by |
747 | the party who appointed the appraiser; or |
748 | 4. To make arrangements for obtaining materials and |
749 | inspection of the property with the party who appointed the |
750 | appraiser. Such communication is limited to scheduling and the |
751 | exchange of materials. |
752 | (b) There may be no communications whereby a party |
753 | dictates to an appraiser what the result of the proceedings must |
754 | be, what matters or elements may be included or considered by |
755 | the appraiser, or what actions the appraiser may take. |
756 | (3) GIFTS AND SOLICITATION.-An appraiser may not give or |
757 | accept any gift, favor, loan, or other item of value in an |
758 | appraisal process except for their reasonable fee. During the |
759 | appraisal process, an appraiser may not solicit or otherwise |
760 | attempt to procure future professional services. |
761 | (4) FEES and EXPENSES.-An appraiser holds a position of |
762 | trust. Fees charged for appraisal services shall be reasonable |
763 | and consistent with the nature of the case. An appraiser shall |
764 | be guided by the following general principles in determining |
765 | fees: |
766 | (a) Any charges for services as an appraiser based on time |
767 | may not exceed the actual time spent or allocated; and |
768 | (b) Charges for costs shall be only for those costs |
769 | actually incurred. |
770 | (5) MAINTENANCE OF RECORDS.-An appraiser shall maintain |
771 | records to support charges for services, fees, and expenses, and |
772 | upon request shall provide an accounting of all applicable |
773 | charges to the parties. |
774 | (6) ADVERTISING.-An appraiser may not engage in marketing |
775 | practices that contain false or misleading information. An |
776 | appraiser shall ensure that any advertisements of the |
777 | appraiser's qualifications, services to be rendered, or the |
778 | appraisal process are accurate and honest. An appraiser may not |
779 | make claims of achieving specific outcomes or promises implying |
780 | favoritism for the purpose of obtaining business. |
781 | (7) SKILL AND EXPERIENCE.-An appraiser shall decline an |
782 | appointment or selection, withdraw, or request appropriate |
783 | assistance when the facts and circumstances of the appraisal are |
784 | beyond the appraiser's skill or experience. |
785 | Section 7. Section 627.4141, Florida Statutes, is created |
786 | to read: |
787 | 627.4141 Residential or commercial property insurance loss |
788 | appraisal.-A residential or commercial residential property |
789 | insurance contract must provide that either party may submit a |
790 | written demand to enter into the process of appraisal if the |
791 | insured and the insurer fail to mutually agree as to the actual |
792 | cash value, the amount of loss, or the cost of repair or |
793 | replacement of property for which a claim has been filed, that |
794 | process shall be governed by this section. The insurer may |
795 | refuse to accept the demand only if the insured materially fails |
796 | to comply with the proof-of-loss obligations of the insured as |
797 | set forth in the policy conditions. The insurer is deemed to |
798 | have waived its right to demand an appraisal if it fails to |
799 | invoke an appraisal within 30 days after the insured |
800 | substantially complies with the proof-of-loss obligation as set |
801 | forth in the policy conditions. |
802 | (1) Each party shall select a competent, licensed, and |
803 | independent appraiser and notify the other party of the |
804 | appraiser selected within 20 days after the date of the demand |
805 | for an appraisal. The appraisers shall select a competent, |
806 | independent, and impartial umpire who is on the department's |
807 | list of licensed property insurance appraisal umpires or who is |
808 | otherwise qualified and exempt from licensure as provided in s. |
809 | 626.112(10). If the appraisers are unable to agree on an umpire |
810 | within 15 days, the insured or the insurer may file a petition |
811 | with a county or circuit court in the jurisdiction in which the |
812 | covered property is located to designate a licensed property |
813 | insurance appraisal umpire for the appraisal. |
814 | (2) Appraisal proceedings are informal unless the insured |
815 | and the insurer mutually agree otherwise. For purposes of this |
816 | section, "informal" means that no formal discovery shall be |
817 | conducted, including depositions, interrogatories, requests for |
818 | admission, or other forms of formal civil discovery; no formal |
819 | rules of evidence shall be applied; and no court reporter shall |
820 | be used for the proceedings. However, either appraiser may rely |
821 | on experts in reaching the value of loss. |
822 | (3) Within 60 days after being appointed, each appraiser |
823 | shall appraise the loss and submit a written report to the other |
824 | appraiser, separately stating the cost of the loss, the actual |
825 | cash value, or the cost to repair or replace each item. Within |
826 | 30 days after submitting the reports, the appraisers shall |
827 | attempt to resolve any differences in the appraisals and reach a |
828 | mutual agreement on all matters. If the appraisers are unable to |
829 | agree, they shall, within 5 days, submit the differences in |
830 | their findings in writing to the umpire. However, the appraisers |
831 | have an additional 60 days after appointment to appraise the |
832 | loss and submit a written report if the loss is covered under a |
833 | commercial property insurance policy and the insured structure |
834 | is 10,000 square feet or more, or is covered under a commercial |
835 | residential or residential insurance policy and the claim is |
836 | based on and made subsequent to a hurricane designated by the |
837 | National Hurricane Center or a declared emergency by the |
838 | Governor. |
839 | (4) The umpire shall review any differences in appraisals |
840 | submitted by the appraisers and determine the amount of the loss |
841 | for each item submitted. Within 10 days after receipt of any |
842 | differences in appraisals, the umpire shall submit the umpire's |
843 | conclusions in writing to each appraiser. |
844 | (5) If either appraiser agrees with the conclusions of the |
845 | umpire, an itemized written appraisal award signed by the umpire |
846 | and the appraiser shall be filed with the insurer and shall |
847 | determine the amount of the loss. |
848 | (6) The appraisal award is binding on the insurer and the |
849 | insured with regard to the amount of the loss. If the insurance |
850 | policy so provides, the insurer may assert that there is no |
851 | coverage under the policy for the loss as a whole or that there |
852 | has been a violation of the policy conditions with respect to |
853 | fraud, lack of notice, or failure to cooperate. |
854 | (7) Each appraiser shall be paid by the party who selects |
855 | the appraiser and the expenses of the appraisal and fees of the |
856 | umpire shall be paid by the parties equally, except that if the |
857 | final determination of the amount of the loss is 50 percent |
858 | greater than the insurer's preappraisal estimate of the loss |
859 | communicated to the insured in writing, the insurer shall pay |
860 | all the expenses, including any fees and expenses charged by the |
861 | insured's appraiser and all fees and expenses of the umpire. |
862 | This subsection does not affect an insured's claim for |
863 | attorney's fees under s. 627.428. |
864 | (8) The provisions of the Florida Arbitration Code do not |
865 | apply to residential and commercial residential property |
866 | insurance loss appraisal proceedings. However, the provisions |
867 | regarding proceedings to compel and stay arbitration in s. |
868 | 682.03; procedures for correcting, vacating, or modifying an |
869 | award in ss. 682.10, 682.13, and 682.14; procedures for entry of |
870 | judgment on the award in s. 682.15; and procedures regarding |
871 | confirmation of an award in s. 682.12 do apply. |
872 | (9) The appraisal process may not address issues involving |
873 | whether or not the loss or damage is covered under the terms of |
874 | the insurance contract. However, the appraisers and the umpire |
875 | may consider causation issues, if necessary, to determine the |
876 | amount of loss. |
877 | Section 8. Subsection (3) of section 626.172, Florida |
878 | Statutes, is amended to read: |
879 | 626.172 Application for insurance agency license.- |
880 | (3) The department shall issue a registration as an |
881 | insurance agency to any agency that files a written application |
882 | with the department and qualifies for registration. The |
883 | application for registration shall require the agency to provide |
884 | the same information required for an agency licensed under |
885 | subsection (2), the agent identification number for each owner |
886 | who is a licensed agent, proof that the agency qualifies for |
887 | registration as provided in s. 626.112(9)(7), and any other |
888 | additional information that the department determines is |
889 | necessary in order to demonstrate that the agency qualifies for |
890 | registration. The application must be signed by the owner or |
891 | owners of the agency. If the agency is incorporated, the |
892 | application must be signed by the president and the secretary of |
893 | the corporation. An agent who owns the agency need not file |
894 | fingerprints with the department if the agent obtained a license |
895 | under this chapter and the license is currently valid. |
896 | (a) If an application for registration is denied, the |
897 | agency must file an application for licensure no later than 30 |
898 | days after the date of the denial of registration. |
899 | (b) A registered insurance agency must file an application |
900 | for licensure no later than 30 days after the date that any |
901 | person who is not a licensed and appointed agent in this state |
902 | acquires any ownership interest in the agency. If an agency |
903 | fails to file an application for licensure in compliance with |
904 | this paragraph, the department shall impose an administrative |
905 | penalty in an amount of up to $5,000 on the agency. |
906 | (c) Sections 626.6115 and 626.6215 do not apply to |
907 | agencies registered under this subsection. |
908 | Section 9. Subsection (2) of section 626.7845, Florida |
909 | Statutes, is amended to read: |
910 | 626.7845 Prohibition against unlicensed transaction of |
911 | life insurance.- |
912 | (2) Except as provided in s. 626.112(8)(6), with respect |
913 | to any line of authority specified in s. 626.015(10), no |
914 | individual shall, unless licensed as a life agent: |
915 | (a) Solicit insurance or annuities or procure |
916 | applications; |
917 | (b) In this state, engage or hold himself or herself out |
918 | as engaging in the business of analyzing or abstracting |
919 | insurance policies or of counseling or advising or giving |
920 | opinions to persons relative to insurance or insurance contracts |
921 | other than: |
922 | 1. As a consulting actuary advising an insurer; or |
923 | 2. As to the counseling and advising of labor unions, |
924 | associations, trustees, employers, or other business entities, |
925 | the subsidiaries and affiliates of each, relative to their |
926 | interests and those of their members or employees under |
927 | insurance benefit plans; or |
928 | (c) In this state, from this state, or with a resident of |
929 | this state, offer or attempt to negotiate on behalf of another |
930 | person a viatical settlement contract as defined in s. 626.9911. |
931 | Section 10. Section 626.8305, Florida Statutes, is amended |
932 | to read: |
933 | 626.8305 Prohibition against the unlicensed transaction of |
934 | health insurance.-Except as provided in s. 626.112(8)(6), with |
935 | respect to any line of authority specified in s. 626.015(6), no |
936 | individual shall, unless licensed as a health agent: |
937 | (1) Solicit insurance or procure applications; or |
938 | (2) In this state, engage or hold himself or herself out |
939 | as engaging in the business of analyzing or abstracting |
940 | insurance policies or of counseling or advising or giving |
941 | opinions to persons relative to insurance contracts other than: |
942 | (a) As a consulting actuary advising insurers; or |
943 | (b) As to the counseling and advising of labor unions, |
944 | associations, trustees, employers, or other business entities, |
945 | the subsidiaries and affiliates of each, relative to their |
946 | interests and those of their members or employees under |
947 | insurance benefit plans. |
948 | Section 11. Paragraph (a) of subsection (2) of section |
949 | 626.8411, Florida Statutes, is amended to read: |
950 | 626.8411 Application of Florida Insurance Code provisions |
951 | to title insurance agents or agencies.- |
952 | (2) The following provisions of part I do not apply to |
953 | title insurance agents or title insurance agencies: |
954 | (a) Section 626.112(9)(7), relating to licensing of |
955 | insurance agencies. |
956 | Section 12. This act shall take effect July 1, 2011. |