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Florida Statute 634.421 - Full Text and Legal Analysis Florida Statute 634.421 | Lawyer Caselaw & Research
Fla. Stat. § 634.421 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
634.421 Reporting and accounting for funds.—
(1) All funds belonging to insurers, service warranty associations, or others received by a sales representative in transactions under her or his license or appointment are trust funds so received by the sales representative or agent in a fiduciary capacity; and the sales representative or agent, in the applicable regular course of business, shall account for and pay such funds to the insurer, association, warranty holder, or other person entitled thereto.
(2) Any sales representative who, not being entitled thereto, diverts or appropriates funds or any portion thereof to her or his own use commits theft as provided in s. 812.014.
History.—s. 5, ch. 78-255; s. 3, ch. 81-148; s. 2, ch. 81-318; s. 3, ch. 83-265; ss. 16, 36, 37, 38, ch. 83-322; s. 61, ch. 91-106; s. 152, ch. 91-108; s. 4, ch. 92-79; s. 20, ch. 93-195; s. 478, ch. 97-102; s. 103, ch. 2019-167.

Cases Citing F.S. 634.421

Fla. Stat. § 634.421 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
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W.C.P.S. of Florida, Inc. v. Stand. Brands of Am., 707 So. 2d 416 (Fla. 3d DCA 1998).

Published | Florida 3rd District Court of Appeal | 1998 Fla. App. LEXIS 2919, 1998 WL 130078

the individuals. As to Count II, based on section 634.421, Florida Statutes (1995), the complaint does

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