Florida § 626.572 - Rebating; when allowed.
Full text of Florida Florida Statutes § 626.572 — Rebating; when allowed., with citation guidance and answers to common questions.
§ 626.572. Rebating; when allowed.
(1) No insurance agency agent shall rebate any portion of a commission except as follows: (a) The rebate shall be available to all insureds in the same actuarial class. (b) The rebate shall be in accordance with a rebating schedule filed by the agent with the insurer issuing the policy to which the rebate applies. (c) The rebating schedule shall be uniformly applied in that all insureds who purchase the same policy through the agent for the same amount of insurance receive the same percentage rebate. (d) Rebates shall not be given to an insured with respect to a policy purchased from an insurer that prohibits its agents from rebating commissions. (e) The rebate schedule is prominently displayed in public view in the agent’s place of doing business and a copy is available to insureds on request at no charge. (f) The age, sex, place of residence, race, nationality, ethnic origin, marital status, or occupation of the insured or location of the risk is not utilized in determining the percentage of the rebate or whether a rebate is available. (2) The insurance agency agent shall maintain a copy of all rebate schedules for the most recent 5 years and their effective dates. (3) No rebate shall be withheld or limited in amount based on factors which are unfairly discriminatory. (4) No rebate shall be given which is not reflected on the rebate schedule. (5) No rebate shall be refused or granted based upon the purchase or failure of the insured or applicant to purchase collateral business.
Frequently Asked Questions About Florida § 626.572
What does Florida Statutes § 626.572 cover?
Section 626.572 ("Rebating; when allowed.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 626.572?
A common citation format is "Florida Statutes § 626.572" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 626.572 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.