August 04, 2020
Print This PagePrint This Page

Bill #:
Chamber: View Search Tips
Search Term:
Year: View Search Tips
Search Term:
Select Year:
The Florida Statutes

The 2001 Florida Statutes

Chapter 624
Insurance Code: Administration And General Provisions
View Entire Chapter
Section 624.305, Florida Statutes 2001

624.305  Prohibited interests, rewards.--

(1)  No employee of the department, including the Insurance Commissioner and Treasurer shall:

(a)  Be financially interested, directly or indirectly, in any insurer or insurance agency authorized to transact insurance in this state, or in any insurance transaction except as a policyholder or claimant under a policy; or

(b)  Be given or receive any fee, compensation, loan, gift, or other thing of value in addition to the compensation and expense allowance provided by law, for any service rendered or to be rendered in her or his capacity as a department employee.

(2)  This section shall not be deemed to prohibit an insurer from making, in the regular course of business, a loan to any employee of the department, if such loan is adequately secured by a mortgage upon real estate or other collateral and qualifies as an eligible investment of the insurer under part II of chapter 625.

(3)  When there is no conflict of interest, the department may employ or retain from time to time an insurance actuary, accountant, or other professional person who is independently practicing her or his profession even though such person is similarly employed or retained by insurers or others.

History.--s. 20, ch. 59-205; ss. 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 18, 37, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 177, ch. 97-102.

Site Map
Session:   Bills ·   Calendars ·   Bound Journals ·   Citator ·   Search ·   Appropriations ·   Redistricting ·   Bill Information Reports
Committee Publications
Historical Information
Statutes:   Introduction ·   View Statutes ·   Search Statutes
Disclaimer: The information on this system is unverified. The journals or printed bills of the respective chambers should be consulted for official purposes.    Copyright © 2000-2020 State of Florida.     Privacy Statement     Contact Us     Get Acrobat Reader