Loading chat...

FL H0233

Bill

Status

Introduced

1/12/2015

Primary Sponsor

Regulatory Affairs Committee

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • 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.

  • 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.

  • 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.

  • Ensures producing agents receive full and usual commissions on policies or contracts they write or transact for insurers.

  • 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

Committee Referrals

Regulatory Affairs2/11/2015
Insurance And Banking Subcommittee1/22/2015

Full Bill Text

No bill text available