FL H1303

Requires insurance agents providing advice on group health insurance or health benefit plans to base compensation on a written contract signed by the party being charged, clearly defining the compensation amount and disclosing all compensation to be paid

Clarifies life insurance agent licensure qualifications by requiring individuals to meet all stated qualifications (including being at least 18 years old, a U.S. citizen or authorized legal alien, and a Florida resident)

Increases the maximum face amount of life insurance policies covering funeral expenses or final disposition from $12,500 to $21,000, with annual percentage increases tied to the Annual Consumer Price Index beginning in 2016

Allows funeral establishments with preneed licenses to contract with life insurance agents to sell limited funeral expense policies up to $21,000 (increased from $12,500), with annual CPI adjustments beginning in 2016

Takes effect July 1, 2016