Florida Statutes § 626.888 — Adjustment or settlement of claims; compensation of administrator.

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From the Legislature's 2026 edition, which includes changes effective through January 1, 2027. Later effective dates are retained in each section's source notes.

2026 edition · Chapter 626 — INSURANCE FIELD REPRESENTATIVES AND OPERATIONS

Part VII — INSURANCE ADMINISTRATORS

Compensation to an administrator for any policies in which the administrator adjusts or settles claims shall in no way be contingent on claims experience. This section does not prevent the compensation of an administrator from being based on premiums or charges collected or the number of claims paid or processed.

History

History.—s. 4, ch. 83-203; s. 3, ch. 84-94; ss. 206, 207, ch. 90-363; s. 4, ch. 91-429.

Source captured on 2026-10-10. Read the official chapter.

Chapter 626 · Collection coverage