Florida Statutes
Fla. Stat. § 626.794 (2025)
Unlawful payment or sharing of commissions.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
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626.794 Unlawful payment or sharing of commissions.—
(1) No life insurer or licensed life agent shall pay directly or indirectly any commission or other valuable consideration to any person for services as a life insurance agent within this state, unless such person holds a currently valid license and appointment to act as a life insurance agent as required by the laws of this state; except that a life insurer may pay such commission or other valuable consideration to, and a licensed and appointed life insurance agent may share any commission or other valuable consideration with, an incorporated insurance agency in which all employees, stockholders, directors, or officers who solicit, negotiate, or effectuate life insurance contracts are qualified life insurance agents holding currently valid licenses and appointments.
(2) No person other than a licensed and appointed life agent shall accept any such commission or other valuable consideration, except as provided in subsection (1).
(3) This section shall not prevent the payment or receipt of renewal or other deferred commissions or pensions to or by any person solely because such person has ceased to hold a license or appointment to act as a life insurance agent and shall not prevent the payment of renewal or other deferred commissions to any incorporated insurance agency solely because any of its stockholders has ceased to hold a license or appointment to act as a life insurance agent.
History.—s. 298, ch. 59-205; s. 1, ch. 63-381; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 3, ch. 81-282; ss. 2, 3, ch. 81-318; ss. 254, 257, 807, 810, ch. 82-243; ss. 102, 206, 207, ch. 90-363; s. 4, ch. 91-429.
Notes of Decisions
Cited in 2
cases, 1984–2003 · leading case: Hull & Co., Inc. v. Thomas, 834 So. 2d 904 (Fla. 4th DCA 2003).
Hull & Co., Inc. v. Thomas, 834 So. 2d 904 (Fla. 4th DCA 2003). “§ 626.794(1), Fla. Stat. (1989) (emphasis added).”
Dade Cty. Consum. Advocate's v. Dept. of Ins., 457 So. 2d 495 (Fla. 1st DCA 1984). “753 (general lines agents and solicitors); section 626.794 (life insurance agents); and section 626.”
— 626.794(1) — 1 case
Hull & Co., Inc. v. Thomas, 834 So. 2d 904 (Fla. 4th DCA 2003). “§ 626.794(1), Fla. Stat. (1989) (emphasis added).”
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