(1) An insurer may not enter into an agreement with any person to manage the business written in this state by the general lines agents appointed by the insurer or appointed by the managing general agent on behalf of the insurer unless the person is properly licensed as an agent and appointed as a managing general agent in this state. An insurer is responsible for the acts of its managing general agent when the agent acts within the scope of his or her authority.
(2) This section does not apply to surplus lines insurance when written pursuant to the Surplus Lines Law, ss. 626.913-626.937.
History.—s. 27, ch. 2002-206; s. 28, ch. 2018-102.
Structure Florida Statutes
Chapter 626 - Insurance Field Representatives and Operations
Part II - General Lines Agents (Ss. 626.726-626.754)
626.728 - This part supplements licensing law.
626.729 - “Industrial fire insurance” defined.
626.731 - Qualifications for general lines agent’s license.
626.7315 - Prohibition against the unlicensed transaction of general lines insurance.
626.732 - Requirement as to knowledge, experience, or instruction.
626.733 - Agency firms and corporations; special requirements.
626.734 - Corporations, liability of agent.
626.7351 - Qualifications for customer representative’s license.
626.7352 - Customer representative’s office.
626.7353 - Appointment of customer representatives.
626.7354 - Customer representative’s powers; agent’s or agency’s responsibility.
626.741 - Nonresident agents; licensing and restrictions.
626.742 - Nonresident agents; service of process.
626.743 - Nonresident agents; retaliatory provision.
626.744 - Service representatives; application for license.
626.745 - Service representatives, managing general agents; managers; activities.
626.7451 - Managing general agents; required contract provisions.
626.7452 - Managing general agents; examination authority.
626.7453 - Managing general agents; errors and omissions insurance.
626.7454 - Managing general agents; duties of insurers.
626.7455 - Managing general agent; responsibility of insurer.
626.749 - Place of business in residence.
626.7491 - Business transacted with producer controlled property and casualty insurer.
626.7492 - Reinsurance intermediaries.
626.752 - Exchange of business.
626.753 - Sharing commissions; penalty.
626.754 - Rights of agent following termination of appointment.