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Florida Statute 626.753 | Lawyer Caselaw & Research
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F.S. 626.753 Case Law from Google Scholar Google Search for Amendments to 626.753

The 2024 Florida Statutes

Title XXXVII
INSURANCE
Chapter 626
INSURANCE FIELD REPRESENTATIVES AND OPERATIONS
View Entire Chapter
F.S. 626.753
626.753 Sharing commissions; penalty.—
(1)(a) An agent may divide or share in commissions only with other agents appointed and licensed to write the same kind or kinds of insurance, or may divide commissions with a customer representative.
(b) This section shall not be construed to prevent the payment or receipt of renewal commissions or other deferred commissions or pensions to or by any person solely because such person has ceased to hold a license to act as an insurance agent or customer representative, and shall not prevent the payment of renewal commissions or other deferred commissions to any incorporated insurance agency solely because any of its stockholders has ceased to hold a license to act as an insurance agent or customer representative.
(c) A customer representative may share in commissions with an agent.
(2) No such licensee shall share a commission with any corporation unless such corporation is an insurance agency.
(3) A general lines agent may share commissions derived from the sale of crop hail or multiple-peril crop insurance with a production credit association organized under 12 U.S.C.A. ss. 2071-2077 or a federal land bank association organized under U.S.C.A. ss. 2091-2098 if the association has specifically approved the insurance activity by its employees. The amount of commission to be shared shall be determined by the general lines agent and the company paying the commission.
(4) In addition to other penalties provided therefor, the license of any licensee violating or participating in the violation of this section shall be revoked.
History.—s. 277, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 3, ch. 81-282; ss. 2, 3, ch. 81-318; ss. 239, 241, 807, 810, ch. 82-243; s. 2, ch. 83-54; ss. 91, 206, 207, ch. 90-363; s. 4, ch. 91-429; s. 258, ch. 97-102; s. 85, ch. 2003-1; s. 49, ch. 2003-267; s. 42, ch. 2003-281; s. 7, ch. 2004-374; s. 11, ch. 2015-180.

F.S. 626.753 on Google Scholar

F.S. 626.753 on Casetext

Amendments to 626.753


Arrestable Offenses / Crimes under Fla. Stat. 626.753
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 626.753.

Annotations, Discussions, Cases:

Cases Citing Statute 626.753

Total Results: 2

National Ben Franklin Life Insurance Corp. v. Cohen

Court: Fla. Dist. Ct. App. | Date Filed: 1985-02-20T00:00:00-08:00

Citation: 464 So. 2d 1256, 10 Fla. L. Weekly 463, 1985 Fla. App. LEXIS 12501

Snippet: company also cites Sections 626.561, 626.611, 626.753, 626.794, 626.9541,1 627.403, 627.453, 627.460,

DADE CTY. CONSUMER ADVOCATE'S v. Dept. of Ins.

Court: Fla. Dist. Ct. App. | Date Filed: 1984-08-17T00:53:00-07:00

Citation: 457 So. 2d 495

Snippet: elsewhere in chapter 626, specifically: section 626.753 (general lines agents and solicitors); section … unlawful divisions is provided for in section 626.753(4) and section 626.611(13). Therefore, our decision