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Florida Statute 626.794 | Lawyer Caselaw & Research
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The 2024 Florida Statutes

Title XXXVII
INSURANCE
Chapter 626
INSURANCE FIELD REPRESENTATIVES AND OPERATIONS
View Entire Chapter
F.S. 626.794
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.

F.S. 626.794 on Google Scholar

F.S. 626.794 on Casetext

Amendments to 626.794


Arrestable Offenses / Crimes under Fla. Stat. 626.794
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 626.794.

Annotations, Discussions, Cases:

Cases Citing Statute 626.794

Total Results: 3

Hull & Company, Inc. v. Thomas

Court: Fla. Dist. Ct. App. | Date Filed: 2003-01-07T23:53:00-08:00

Citation: 834 So. 2d 904

Snippet: the merits. The trial court found that section 626.794(1), Florida Statutes (1989) precluded any payments…licenses as required by the laws of this state. § 626.794(1), Fla. Stat. (1989) (emphasis added). Conceding…value for it. (Citations omitted). Through section 626.794(1), the legislature has determined that a "…quot; Id. The ordinance in Wood is unlike section 626.794(1); the statute expressly precludes "any commission…insurance agent" within the meaning of section 626.794(1). We agree with Hull that the attorney's

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: also cites Sections 626.561, 626.611, 626.753, 626.794, 626.9541,1 627.403, 627.453, 627.460, and 627.474

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: (general lines agents and solicitors); section 626.794 (life insurance agents); and section 626.838 (health