HB 1381

1	A bill to be entitled
2	An act relating to branch insurance agencies; amending s.
3	626.747, F.S.; authorizing certain licensed agents to be
4	the agent in charge of branch locations under certain
5	circumstances; providing limitations; providing an
6	effective date.
7
8	Be It Enacted by the Legislature of the State of Florida:
9
10	Section 1.  Subsection (1) of section 626.747, Florida
11	Statutes, is amended to read:
12	626.747  Branch agencies.--
13	(1)(a)  Each branch place of business established by an
14	agent or agency, firm, corporation, or association shall be in
15	the active full-time charge of a licensed general lines agent or
16	life or health agent who is appointed to represent one or more
17	insurers. Any agent or agency, firm, corporation, or association
18	which has established one or more branch places of business
19	shall be required to have at least one licensed general lines
20	agent who is appointed to represent one or more insurers at each
21	location of the agency including its headquarters location.
22	(b)  Notwithstanding paragraph (a), the licensed agent in
23	charge of a financial institution as defined in s.
24	655.005(1)(h), securities dealer registered pursuant to s.
25	517.12, or funeral establishment licensed pursuant to chapter
26	497, or an agency affiliated with such a financial institution,
27	securities dealer, or funeral establishment, or a branch of such
28	an agency, that is licensed or registered as an insurance agency
29	may also be the agent in charge of branch locations provided no
30	insurance activities requiring licensure as an insurance agent
31	occur at any location when the agent is not physically present
32	and no unlicensed employee at the location engages in any
33	insurance activities requiring licensure as an insurance agent.
34	Section 2.  This act shall take effect July 1, 2007.

CODING: Words stricken are deletions; words underlined are additions.