SECTION 626.882. Agreement between administrator and insurer; required provisions; maintenance of records.

Latest version.

1(1) 2A person may not act as an administrator without a written agreement, as required under s. 18626.8817, 19which specifies the rights, duties, and obligations of the administrator and insurer.
31(2)(a) 32The written agreement shall contain provisions which include the requirements of ss. 44626.88345-46626.888, 47except as those requirements do not apply to the functions performed by the administrator.
61(b) 62The written agreement shall contain a provision with respect to the underwriting or other standards pertaining to business underwritten by the insurer.
84(3) 85Such 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.
115(4) 116If 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.

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.

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