The 2023 Florida Statutes (including Special Session C)

Title XXXVII
INSURANCE

Chapter 626
INSURANCE FIELD REPRESENTATIVES AND OPERATIONS

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F.S. 626.914

626.914 Definitions.—As used in this Surplus Lines Law, the term:

(1) “Surplus lines agent” means an individual licensed as provided in this part to handle the placement of insurance coverages with unauthorized insurers and to place such coverages with authorized insurers as to which the licensee is not licensed as an agent.

(2) “Eligible surplus lines insurer” means an unauthorized insurer which has been made eligible by the office to issue insurance coverage under this Surplus Lines Law.

(3) “To export” means to place, in an unauthorized insurer under this Surplus Lines Law, insurance covering a subject of insurance resident, located, or to be performed in this state.

(4) “Diligent effort” means seeking coverage from and having been rejected by at least three authorized insurers currently writing this type of coverage and documenting these rejections. However, if the residential structure has a dwelling replacement cost of $700,000 or more, the term means seeking coverage from and having been rejected by at least one authorized insurer currently writing this type of coverage and documenting this rejection.

History.—s. 353, ch. 59-205; s. 2, ch. 81-318; ss. 298, 318, 807, ch. 82-243; ss. 162, 206, 207, ch. 90-363; s. 4, ch. 91-429; s. 1015, ch. 2003-261; s. 5, ch. 2007-90; s. 9, ch. 2019-108.

F.S. 626.914 on Google Scholar

F.S. 626.914 on Casetext

Amendments to 626.914

Arrestable Offenses / Crimes under Fla. Stat. 626.914

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 626.914.

Annotations, Discussions, Cases:

Cases from cite.case.law:

S. LEMY, v. DIRECT GENERAL FINANCE COMPANY,, 884 F. Supp. 2d 1236 (M.D. Fla. 2012)

. . . In answer to that question the surplus line law leaves no doubt; Section 626.914(2) says that an “eligible . . .

S. LEMY, v. DIRECT GENERAL FINANCE COMPANY,, 885 F. Supp. 2d 1265 (M.D. Fla. 2012)

. . . Defining a “diligent” search, Section 626.914(4) merely requires the producing agent to ask at least . . . Under Section 626.914, an insurer qualifies as an eligible surplus line insurer if the Office approves . . .

LLOYDS UNDERWRITERS AT LONDON, v. KEYSTONE EQUIPMENT FINANCE CORP. d b a, 25 So. 3d 89 (Fla. Dist. Ct. App. 2009)

. . . .” § 626.914(1), Fla. Stat. (2008). . . . .

ESSEX INSURANCE COMPANY, v. ZOTA,, 985 So. 2d 1036 (Fla. 2008)

. . . e.g., Dep. of Jack Miller, Executive Vice President with Essex Ins. at 13; see also §§ 626.913(2), 626.914 . . .

MERCY HOSPITAL, INC. v. BAUMGARDNER, M., 870 So. 2d 130 (Fla. Dist. Ct. App. 2003)

. . . an authorized insurer as defined under s. 624.09, from a surplus lines insurer as defined under s. 626.914 . . .