Florida Statute 626.795 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 626
INSURANCE FIELD REPRESENTATIVES AND OPERATIONS

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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.

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Amendments to 626.795

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Cases Citing Statute 626.795

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Intercontinental Life Ins. v. Good (In Re Good), 33 B.R. 163 (Bankr. M.D. Fla. 1983).

Cited 11 times | Published | United States Bankruptcy Court, M.D. Florida | 1983 Bankr. LEXIS 5979

...while acting in a fiduciary capacity. Considering first the Debtor's contention that the debt underlying the civil judgment is a corporate debt for which the Debtor cannot be held individually liable, it is necessary to consult Florida law. Chapter 626.795 states: "Any life insurance agent who is an officer, director, stockholder or employee of an incorporated life insurance agency, shall remain personally and fully liable and accountable for any wrongful acts, misconduct, or violations of any...

...oration." (emphasis supplied) Thus, upon a showing of misconduct, wrongful acts or violations of the "Florida Insurance Code," the Debtor who is both President and 51% shareholder of Good Health shall remain ". . . personally and fully liable . . ." § 626.795 Fla.Stat....

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