Notwithstanding s. 627.455, a contract, agreement, arrangement, or transaction, including, but not limited to, a financing agreement or any other arrangement or understanding entered into, whether written or verbal, for the furtherance or aid of a stranger-originated life insurance practice is void and unenforceable.
Fla. Stat. § 626.99289
Void and unenforceable contracts, agreements, arrangements, and transactions
Known as the Unauthorized Insurers Process Law
The act spans §§ 626.011 to 626.9958 (368 sections).
Applied in 1 court decision — leading case Sun Life Assurance Company of Canada v. Wells Fargo Bank NA (080669) (Statewide) (2019)
Most recently applied in Sun Life Assurance Company of Canada v. Wells Fargo Bank NA (080669) (Statewide) (June 2019)
History.--s. 10, ch. 2017-178.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.