§ 626.882, Fla. Stat. · Part VII. INSURANCE ADMINISTRATORS
Agreement between administrator and insurer; required provisions; maintenance of records.
Text — 2026 Florida Statutes
(1) A person may not act as an administrator without a written agreement, as required under s. 626.8817, which specifies the rights, duties, and obligations of the administrator and insurer.
(2)(a) The written agreement shall contain provisions which include the requirements of ss. 626.883-626.888, except as those requirements do not apply to the functions performed by the administrator.
(b) The written agreement shall contain a provision with respect to the underwriting or other standards pertaining to business underwritten by the insurer.
(3) Such written agreement shall be retained as part of the official records of both the administrator and the insurer for the duration of the agreement and for 5 years thereafter.
(4) If a policy is issued to a trustee or trustees, a copy of the trust agreement and any amendments to that agreement shall be furnished to the insurer or its designee by the administrator and shall be retained as part of the official records of both the administrator and the insurer for the duration of the policy and for 5 years thereafter.
Notes and commentary — not statutory text
History
s. 4, ch. 83-203; s. 3, ch. 84-94; ss. 206, 207, ch. 90-363; s. 4, ch. 91-429; s. 3, ch. 2014-103.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0626/0626.html
- Text hash
- sha256 340a9a4726651ace84b00b39d1a3676ccbf67d03391355bf0799a8f96120151c
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
The Florida Statutes
- § 626.8817, Fla. Stat.Responsibilities of insurance company with respect to administration of coverage insured.Printed as s. 626.8817
- § 626.883, Fla. Stat.Administrator as intermediary; collections held in fiduciary capacity; establishment of account; disbursement; payments on behalf of insurer.Printed as ss. 626.883-626.888
- § 626.888, Fla. Stat.Adjustment or settlement of claims; compensation of administrator.Printed as ss. 626.883-626.888
Cited by 1 provision
Provisions in this library whose text cites § 626.882, Fla. Stat.. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.