Fla. Stat. § 624.01
Short title
Chapters 624-632, 634, 635, 636, 641, 642, 648, and 651 constitute the “Florida Insurance Code.”
Florida Statutes Chapter 624 — INSURANCE CODE: ADMINISTRATION AND GENERAL PROVISIONS
Florida · statute · Fla. Stat. ch. 624 · 222 active provisions
Fla. Stat. § 624.02
“Insurance” defined
“Insurance” is a contract whereby one undertakes to indemnify another or pay or allow a specified amount or a determinable benefit upon determinable contingencies.
Fla. Stat. § 624.03
“Insurer” defined
“Insurer” includes every person engaged as indemnitor, surety, or contractor in the business of entering into contracts of insurance or of annuity.
Fla. Stat. § 624.031
“Self-insurance” defined
For the purposes of ss. 627.551 and 627.651, self-insurance includes any plan, fund, or program which is communicated or the benefits of which are described in writing to employees and which has heretofore been or is hereafter established by or on behalf of any individual, partnership, association, corporation, trustee…
Fla. Stat. § 624.04
“Person” defined
“Person” includes an individual, insurer, company, association, organization, Lloyds, society, reciprocal insurer or interinsurance exchange, partnership, syndicate, business trust, corporation, agent, general agent, broker, service representative, adjuster, and every legal entity.
Fla. Stat. § 624.05
“Department,” “commission,” and “office” defined
As used in the Insurance Code:(1) “Department” means the Department of Financial Services. The term does not mean the Financial Services Commission or any office of the Financial Services Commission.(2) “Commission” means the Financial Services Commission.(3) “Office” means the Office of Insurance Regulation of the Fin…
Fla. Stat. § 624.06
“Domestic,” “foreign,” “alien” insurer defined
(1) A “domestic” insurer is one formed under the laws of this state.(2) A “foreign” insurer is one formed under the laws of any state, district, territory, or commonwealth of the United States other than this state.(3) An “alien” insurer is an insurer other than a domestic or foreign insurer.
Fla. Stat. § 624.07
“Domicile” defined
Except as provided in s. 631.011, the “domicile” of an insurer means:(1) As to Canadian insurers, Canada and the province under the laws of which the insurer was formed.(2) As to other alien insurers authorized to transact insurance in one or more states, the state designated by the insurer in writing filed with the of…
Fla. Stat. § 624.075
“Commercially domiciled insurer” defined
Every foreign or alien insurer which is authorized to do business in this state and which, during its 3 preceding fiscal years taken together, or during any lesser period of time if it has been licensed to transact its business in this state only for the lesser period of time, has written an average of 25 percent or mo…
Fla. Stat. § 624.08
“State” defined
When used in context signifying a jurisdiction other than the State of Florida, “state” means any state, district, territory, or commonwealth of the United States.
Fla. Stat. § 624.09
“Authorized,” “unauthorized” insurer defined
(1) An “authorized” insurer is one duly authorized by a subsisting certificate of authority issued by the office to transact insurance in this state.(2) An “unauthorized” insurer is one not so authorized.
Fla. Stat. § 624.10
Other definitions
As used in the Florida Insurance Code, the term:(1) “Affiliate” means an entity that exercises control over or is directly or indirectly controlled by the insurer through:(a) Equity ownership of voting securities;(b) Common managerial control; or(c) Collusive participation by the management of the insurer and affiliate…
Fla. Stat. § 624.105
Waiver of customer liability
Any regulated company as defined in s. 350.111, any electric utility as defined in s. 366.02(4), any utility as defined in s. 367.021(12) or s. 367.022(2) and (7), and any provider of communications services as defined in s. 202.11(1) may charge for and include an optional waiver of liability provision in their custome…
Fla. Stat. § 624.1055
Right of contribution among liability insurers for defense costs
A liability insurer who owes a duty to defend an insured and who defends the insured against a claim, suit, or other action has a right of contribution for defense costs against any other liability insurer who owes a duty to defend the insured against the same claim, suit, or other action, provided that contribution ma…
Fla. Stat. § 624.11
Compliance required
(1) No person shall transact insurance in this state, or relative to a subject of insurance resident, located, or to be performed in this state, without complying with the applicable provisions of this code.(2) Any risk retention group organized and existing under the provisions of the Product Liability Risk Retention…
Fla. Stat. § 624.115
Referral of criminal violations
If, during an investigation or examination, the office has reason to believe that any criminal law of this state has or may have been violated, the office shall refer any relevant records and information to the Division of Criminal Investigations, state or federal law enforcement, or prosecutorial agencies, as applicab…
Fla. Stat. § 624.12
Application of code as to fraternal benefit societies
No provision of this code shall apply with respect to fraternal benefit societies (as identified in chapter 632), except as stated in chapter 632.
Fla. Stat. § 624.123
Certain international health insurance policies; exemption from code
(1) International health insurance policies and applications may be solicited and sold in this state at any international airport to a resident of a foreign country. Such international health insurance policies shall be solicited and sold only by a licensed health insurance agent and underwritten only by an admitted in…
Fla. Stat. § 624.124
Motor vehicle services; exemption from code
Any person may, in exchange for fees, dues, charges, or other consideration, provide any of the following services related to the ownership, operation, use, or maintenance of a motor vehicle without being deemed an insurer and without being subject to the provisions of this code:(1) Towing service.(2) Procuring from an…
Fla. Stat. § 624.125
Certain motor vehicle service agreements; exemption from code
(1) Any person may, in exchange for fees, charges, or other consideration, solicit, offer, provide, enter into, issue, or deliver a motor vehicle service agreement indemnifying the service agreement holder against loss caused by the failure of any mechanical or component part or parts of a motor vehicle listed in the a…
Fla. Stat. § 624.126
Certain mutual aid associations; exemption from code
(1) Any beneficial, relief, or mutual aid society, however organized, established prior to 1935 and formed by a religious organization, which religious organization qualifies as an exempt religious organization under Title 26, s. 501, of the Internal Revenue Code, and which society is formed for the purpose of aiding m…
Fla. Stat. § 624.1265
Nonprofit religious organization exemption; authority; notice
(1) A nonprofit religious organization is not subject to the requirements of the Florida Insurance Code if the nonprofit religious organization:(a) Qualifies under Title 26, s. 501 of the Internal Revenue Code of 1986, as amended;(b) Limits its participants to those members who share a common set of ethical or religiou…
Fla. Stat. § 624.127
Certain political subdivisions offering prepaid ambulance service plans; exemption from code
A political subdivision of this state which, on October 1, 1991, was operating an emergency medical services system established by special act and offers a prepaid ambulance service plan as part of its emergency medical services system shall, with respect to the prepaid ambulance services plan, be exempt from the provi…
Fla. Stat. § 624.1275
Insurance agents; prohibited exclusion from public bidding and negotiations
A licensed insurance agent shall not be prohibited or excluded from competing or negotiating for any insurance product or plan purchased, provided, or endorsed by a state agency or any political subdivision of this state on the basis of the compensation, contractual or employment arrangement granted to the agent by an…
Fla. Stat. § 624.128
Crime victims exemption
Any other provision of the Florida Statutes to the contrary notwithstanding, the deductible or copayment provision of any insurance policy shall not be applicable to a person determined eligible pursuant to the Florida Crimes Compensation Act, excluding s. 960.28.
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