December 13, 2019
Print This PagePrint This Page

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

The 2001 Florida Statutes

Title XXXVII
Insurance
Chapter 624
Insurance Code: Administration And General Provisions
View Entire Chapter
Section 624.523, Florida Statutes 2001

624.523  Insurance Commissioner's Regulatory Trust Fund.--

(1)  There is created in the State Treasury a trust fund designated "Insurance Commissioner's Regulatory Trust Fund" to which shall be credited all payments received on account of the following items:

(a)  All fines, monetary penalties, and costs imposed upon persons by the department as authorized by law for violation of the laws of this state.

(b)  Any sums received for copies of the stenographic record of hearings, as authorized by law.

(c)  All sums received under s. 624.404(5).

(d)  All sums received under s. 624.5091, as provided in subsection (5) thereof.

(e)  All payments received on account of items provided for under respective provisions of s. 624.501, as follows:

1.  Subsection (1) (certificate of authority of insurer).

2.  Subsection (2) (charter documents of insurer).

3.  Subsection (3) (annual license tax of insurer).

4.  Subsection (4) (annual statement of insurer).

5.  Subsection (5) (application fee for insurance representatives).

6.  The "appointment fee" portion of any appointment provided for under paragraphs (6)(a) and (b) (insurance representatives, property, marine, casualty and surety insurance, agents, and solicitors).

7.  Paragraph (6)(c) (nonresident agents).

8.  Paragraph (6)(d) (service representatives).

9.  The "appointment fee" portion of any appointment provided for under paragraph (7)(a) (life insurance agents, original appointment, and renewal or continuation of appointment).

10.  Paragraph (7)(b) (nonresident agent license).

11.  The "appointment fee" portion of any appointment provided for under paragraph (8)(a) (health insurance agents, agent's appointment, and renewal or continuation fee).

12.  Paragraph (8)(b) (nonresident agent appointment).

13.  The "appointment fee" portion of any appointment provided for under subsections (9) and (10) (limited licenses and fraternal benefit society agents).

14.  Subsection (11) (vending machines).

15.  Subsection (12) (surplus lines agent).

16.  Subsection (13) (adjusters' appointment).

17.  Subsection (14) (examination fee).

18.  Subsection (15) (temporary license and appointment as agent or adjuster).

19.  Subsection (16) (reissuance, reinstatement, etc.).

20.  Subsection (17) (additional license continuation fees).

21.  Subsection (18) (filing application for permit to form insurer).

22.  Subsection (19) (license fee of rating organization).

23.  Subsection (20) (miscellaneous services).

24.  Subsection (21) (insurance agencies).

(f)  All payments received on account of actuarial and other services in the valuation or computation of the reserves of life insurers pursuant to s. 625.121(2).

(g)  All sums received under ss. 626.711 and 626.743.

(h)  Sums received under s. 626.932, as provided in subsection (5) thereof.

(i)  Sums received under s. 626.938, as provided in subsection (7) thereof.

(j)  All sums received under s. 627.828.

(k)  All sums received from motor vehicle service agreement companies under s. 634.221.

(l)  All sums received under 1s. 648.27(6) (bail bond agent, limited surety agent or runner, continuation fee), the "appointment fee" portion of any license or permit provided for under s. 648.31, and the application fees provided for under ss. 648.34(3) and 648.37(3).

(m)  All sums received under s. 651.015.

(n)  All sums received by the Insurance Commissioner and Treasurer as fees for her or his services as service-of-process agent.

(o)  All state tax portions of agents' and solicitors' licenses collected under s. 624.501.

(2)  The moneys so received and deposited in this regulatory trust fund are hereby appropriated for use by the department to defray the expenses of the department in the discharge of its administrative and regulatory powers and duties as prescribed by law.

History.--s. 98, ch. 59-205; s. 2, ch. 61-119; s. 8, ch. 65-269; s. 2, ch. 67-260; s. 2, ch. 67-279; ss. 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-237; s. 1, ch. 77-457; s. 2, ch. 81-48; s. 77, ch. 82-243; s. 8, ch. 82-386; s. 43, ch. 83-215; ss. 40, 48, ch. 90-132; s. 200, ch. 90-363; s. 44, ch. 91-108; s. 57, ch. 93-148; s. 53, ch. 93-193; s. 118, ch. 93-399; s. 16, ch. 95-211; s. 199, ch. 97-102.

1Note.--The s. 648.27(6) referenced was repealed by s. 5, ch. 90-131.

Site Map
Session:   Bills ·   Calendars ·   Bound Journals ·   Citator ·   Search ·   Appropriations ·   Redistricting ·   Bill Information Reports
Committee Publications
Historical Information
Statutes:   Introduction ·   View Statutes ·   Search Statutes
Flsenate.gov
Disclaimer: The information on this system is unverified. The journals or printed bills of the respective chambers should be consulted for official purposes.    Copyright © 2000-2019 State of Florida.     Privacy Statement     Contact Us     Get Acrobat Reader