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Florida Statute 626.794 - Full Text and Legal Analysis
Florida Statute 626.794 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
F.S. 626.794 Case Law from Google Scholar Google Search for Amendments to 626.794

The 2025 Florida Statutes

Title XXXVII
INSURANCE
Chapter 626
INSURANCE FIELD REPRESENTATIVES AND OPERATIONS
View Entire Chapter
626.794 Unlawful payment or sharing of commissions.
(1) No life insurer or licensed life agent shall pay directly or indirectly any commission or other valuable consideration to any person for services as a life insurance agent within this state, unless such person holds a currently valid license and appointment to act as a life insurance agent as required by the laws of this state; except that a life insurer may pay such commission or other valuable consideration to, and a licensed and appointed life insurance agent may share any commission or other valuable consideration with, an incorporated insurance agency in which all employees, stockholders, directors, or officers who solicit, negotiate, or effectuate life insurance contracts are qualified life insurance agents holding currently valid licenses and appointments.
(2) No person other than a licensed and appointed life agent shall accept any such commission or other valuable consideration, except as provided in subsection (1).
(3) This section shall not prevent the payment or receipt of renewal or other deferred commissions or pensions to or by any person solely because such person has ceased to hold a license or appointment to act as a life insurance agent and shall not prevent the payment of renewal or other deferred commissions to any incorporated insurance agency solely because any of its stockholders has ceased to hold a license or appointment to act as a life insurance agent.
History.s. 298, ch. 59-205; s. 1, ch. 63-381; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 3, ch. 81-282; ss. 2, 3, ch. 81-318; ss. 254, 257, 807, 810, ch. 82-243; ss. 102, 206, 207, ch. 90-363; s. 4, ch. 91-429.

F.S. 626.794 on Google Scholar

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Amendments to 626.794


Annotations, Discussions, Cases:

Cases Citing Statute 626.794

Total Results: 2  |  Sort by: Relevance  |  Newest First

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Hull & Co., Inc. v. Thomas, 834 So. 2d 904 (Fla. 4th DCA 2003).

Cited 11 times | Published | Florida 4th District Court of Appeal | 2003 WL 48034

...3d DCA 1982) (rejecting appellant's argument that successor judge was precluded from revisiting predecessor's denial of summary judgment). Here, the facts became more fully developed after the 1992 ruling. Hull next argues that the order granting summary judgment was wrong on the merits. The trial court found that section 626.794(1), Florida Statutes (1989) precluded any payments by Prudential to Hull....
...insurance agency in which all employees, stockholders, directors, or officers who solicit, negotiate, or effectuate life insurance contracts are qualified life insurance agents holding currently valid licenses as required by the laws of this state. § 626.794(1), Fla....
...e of the benefit; (3) the defendant has accepted or retained the benefit conferred and (4) the circumstances are such that it would be inequitable for the defendant to retain the benefit without paying fair value for it. (Citations omitted). Through section 626.794(1), the legislature has determined that a "valid license" is required in order to be entitled to "any commission or other valuable consideration" in return for "services as a life insurance agent." The statute is broadly phrased; it b...
...The court observed that the city ordinance requiring general contractors to secure a license "imposed no penalty" for contracting without a license, "nor did it invalidate contracts of those failing to secure such a license." Id. The ordinance in Wood is unlike section 626.794(1); the statute expressly precludes "any commission or other valuable consideration" to a person performing "services as a life insurance agent" without a "currently valid license." Wood involved no such express prohibition....
...The fifth district held that this statute did not bar some unjust enrichment claims that were independent of the illegal contract. The implied contract in this case did not involve services performed or materials provided outside of "services as a life insurance agent" within the meaning of section 626.794(1)....
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Dade Cty. Consum. Advocate's v. Dept. of Ins., 457 So. 2d 495 (Fla. 1st DCA 1984).

Cited 3 times | Published | Florida 1st District Court of Appeal

...olicy the agent sells the employees. Appellees' argument fails to recognize that certain kinds of sharing of or dividing commissions are declared unlawful elsewhere in chapter 626, specifically: section 626.753 (general lines agents and solicitors); section 626.794 (life insurance agents); and section 626.838 (health insurance agents)....

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