summary
Introduced
01/16/2014
01/16/2014
In Committee
04/01/2014
04/01/2014
Crossed Over
04/01/2014
04/01/2014
Passed
06/05/2014
06/05/2014
Dead
Signed/Enacted/Adopted
06/13/2014
06/13/2014
Introduced Session
2014 Regular Session
Bill Summary
Revises name of Division of Insurance Agents & Agency Services; revises original appointment & renewal fees related to certain insurance representatives; provides requirements relating to agents in charge; prohibits an insurance agency from conducting insurance business at certain locations; revises licensure requirements & penalties; revises requirements relating to applications for insurance agency licenses; revises scope of examination for limited agent; requires department to suspend certain licenses & appointments; revises prohibition against unlicensed transaction of life insurance; revises requirements for licensure of nonresident surplus lines agents; revises qualifications for approval as mediator; authorizes DFS to adopt rules; prohibits persons seeking to be licensed by division from denying or failing to acknowledge certain expunged or sealed records.
AI Summary
This bill makes several changes to Florida's insurance laws, including renaming the Division of Insurance Agents & Agency Services to the Division of Insurance Agent and Agency Services, and adjusting fees for insurance representatives' appointments and renewals. It introduces new requirements for agents in charge of insurance agencies, mandates that agencies cannot conduct business at certain locations, and revises licensure requirements and penalties. The bill also updates rules regarding applications for insurance agency licenses, clarifies the scope of examinations for limited agents, and requires the Department of Financial Services (DFS) to suspend certain licenses and appointments. Additionally, it strengthens prohibitions against unlicensed life insurance transactions, modifies requirements for nonresident surplus lines agents, and revises qualifications for mediators. A significant provision prohibits individuals seeking licensure from denying or failing to acknowledge certain expunged or sealed criminal records, ensuring that the DFS is aware of such records when evaluating applicants.
Committee Categories
Budget and Finance, Business and Industry, Government Affairs
Sponsors (3)
Other Sponsors (2)
Insurance and Banking Subcommittee (House), Regulatory Affairs Committee (House)
Last Action
Chapter No. 2014-123, companion bill(s) passed, see CS/CS/SB 708 (Ch. 2014-86) (on 06/13/2014)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://www.flsenate.gov/Session/Bill/2014/633 | 01/16/2014 |
| Bill | http://www.flsenate.gov/Session/Bill/2014/0633/BillText/er/PDF | 04/26/2014 |
| House Floor Amendment #063013 | http://www.flsenate.gov/Session/Bill/2014/0633/Amendment/063013/PDF | 03/27/2014 |
| House Floor Substitue Amendment #162283 to Amendment (063013) | http://www.flsenate.gov/Session/Bill/2014/0633/Amendment/162283/PDF | 03/27/2014 |
| Bill | http://www.flsenate.gov/Session/Bill/2014/0633/BillText/e1/PDF | 03/27/2014 |
| Bill | http://www.flsenate.gov/Session/Bill/2014/0633/BillText/c2/PDF | 03/14/2014 |
| House Committee Amendment #269469 | http://www.flsenate.gov/Session/Bill/2014/0633/Amendment/269469/PDF | 03/13/2014 |
| Bill | http://www.flsenate.gov/Session/Bill/2014/0633/BillText/c1/PDF | 02/26/2014 |
| House Committee Amendment #127633 | http://www.flsenate.gov/Session/Bill/2014/0633/Amendment/127633/PDF | 02/19/2014 |
| Bill | http://www.flsenate.gov/Session/Bill/2014/0633/BillText/Filed/PDF | 01/16/2014 |
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