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FL H0233
Bill
Status
1/12/2015
Primary Sponsor
Regulatory Affairs Committee
Click for details
AI Summary
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Amends section 624.425, Florida Statutes, to specify that the absence of a countersignature does not affect the validity of an insurance policy or contract for property, casualty, or surety insurance.
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Maintains the existing requirement that authorized insurers issue policies through licensed and appointed agents who are regularly commissioned, but removes the validity requirement for the countersignature itself.
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Preserves provisions allowing multiple authorized insurers to issue a single policy against nuclear energy hazards or radioactive contamination, which may be countersigned by any licensed agent of the insurers involved.
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Ensures producing agents receive full and usual commissions on policies or contracts they write or transact for insurers.
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Takes effect July 1, 2015.
Legislative Description
Countersignature
Last Action
Laid on Table, companion bill(s) passed, see CS/CS/CS/SB 252 (Ch. 2015-42)
4/24/2015