The 2023 Florida Statutes (including Special Session C)

Title XXXVII
INSURANCE

Chapter 626
INSURANCE FIELD REPRESENTATIVES AND OPERATIONS

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F.S. 626.795

626.795 Corporations, liability of agent.—Any life insurance agent who is an officer, director, or stockholder of an incorporated life insurance agency shall remain personally and fully liable and accountable for any wrongful acts, misconduct, or violations of any provisions of this code committed by such licensee or by any person under his or her direct supervision and control while acting on behalf of the corporation. Nothing in this section shall be construed to render any person criminally liable or subject to any disciplinary proceedings for any act unless such person personally committed or knew or should have known of such act and of the facts constituting a violation of this chapter.

History.—s. 5, ch. 63-20; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 3, ch. 81-282; ss. 2, 3, ch. 81-318; ss. 257, 807, 810, ch. 82-243; ss. 103, 206, 207, ch. 90-363; s. 4, ch. 91-429; s. 267, ch. 97-102.

F.S. 626.795 on Google Scholar

F.S. 626.795 on Casetext

Amendments to 626.795

Arrestable Offenses / Crimes under Fla. Stat. 626.795

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 626.795.

Annotations, Discussions, Cases:

Cases from cite.case.law:

In M. BARRETT, CLARENDON NATIONAL INSURANCE COMPANY, v. M. BARRETT,, 156 B.R. 529 (Bankr. N.D. Tex. 1993)

. . . Insurance Code create personal liability for officers/shareholders of managing general insurance agents: 626.795 . . . Barrett’s insistence that §§ 626.795 and 626.734 impact only shareholders and officers who hold insurance . . . such as Florida General, and their officers and shareholders are directly subject to §§ 626.734 and 626.795 . . .

In C. GOOD, INTERCONTINENTAL LIFE INS. CO. v. C. GOOD,, 33 B.R. 163 (Bankr. M.D. Fla. 1983)

. . . Chapter 626.795 states: “Any life insurance agent who is an officer, director, stockholder or employee . . . both President and 51% shareholder of Good Health shall remain “... personally and fully liable ...” § 626.795 . . .