There Is a Newer Version
of
this Section
2022 Florida Statutes
Title XXXVII - Insurance
Chapter 626 - Insurance Field Representatives and Operations
Part II - General Lines Agents (Ss. 626.726-626.754)
626.7453 - Managing general agents; errors and omissions insurance.
Universal Citation:
FL Stat § 626.7453 (2022)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
626.7453 Managing general agents; errors and omissions insurance.—As a part of the appointment process, the insurer appointing the managing general agent shall certify that, upon investigation and to the best of the insurer’s knowledge and belief, the proposed managing general agent has obtained errors and omissions insurance in an amount acceptable to the insurer appointing the managing general agent. This section does not apply to a managing general agent that is a controlled or controlling person.
History.—ss. 86, 207, ch. 90-363; s. 4, ch. 91-429.