Florida SB 772: Florida Hometown Hero Housing Program

Bill Text

772 
Limited Licenses for Portable Electronics or Eyewear Insurance 
2026-03-18T11:08:32Z 
Renaming “portable electronics insurance” as “portable electronics or eyewear insurance” to include eyewear for purposes of insurance coverage and licenses; defining the term “eyewear”; revising the definition of the term “portable electronics”, etc. 
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2026 
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2026-07-01T00:00:00Z 
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General Bill 
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 ENROLLED 
 2026 Legislature CS for SB 772 

 2026772er 
 1 
 2 An act relating to limited licenses for portable 
 3 electronics or eyewear insurance; amending s. 626.321, 
 4 F.S.; renaming “portable electronics insurance” as 
 5 “portable electronics or eyewear insurance” to include 
 6 eyewear for purposes of insurance coverage and 
 7 licenses; providing construction; defining the term 
 8 “eyewear”; revising the definition of the term 
 9 “portable electronics”; deleting the obsolete 
 10 definition of the term “portable electronics 
 11 transaction”; amending ss. 626.221, 626.732, and 
 12 626.8685, F.S.; conforming provisions to changes made 
 13 by the act; providing an effective date. 
 14 
 15 Be It Enacted by the Legislature of the State of Florida: 
 16 
 17 Section 1. Paragraph (h) of subsection (1) and subsection 
 18 (4) of section 626.321, Florida Statutes, are amended to read: 
 19 626.321 Limited licenses and registration.— 
 20 (1) The department shall issue to a qualified applicant a 
 21 license as agent authorized to transact a limited class of 
 22 business in any of the following categories of limited lines 
 23 insurance: 
 24 (h) Portable electronics or eyewear insurance.—License for 
 25 property insurance or inland marine insurance that covers only 
 26 loss, theft, mechanical failure, malfunction, or damage for 
 27 portable electronics or eyewear. Such license does not require a 
 28 licensee to sell or offer for sale coverage for both portable 
 29 electronics and eyewear. This paragraph may not be construed as 
 30 requiring two separate licenses to sell or offer for sale 
 31 portable electronics or eyewear insurance. 
 32 1. The license may be issued only to: 
 33 a. Employees or authorized representatives of a licensed 
 34 general lines agent; or 
 35 b. The lead business location of a retail vendor that sells 
 36 portable electronics or eyewear insurance. The lead business 
 37 location must have a contractual relationship with a general 
 38 lines agent. 
 39 2. Employees or authorized representatives of a licensee 
 40 under subparagraph 1. may sell or offer for sale portable 
 41 electronics or eyewear coverage without being subject to 
 42 licensure as an insurance agent if: 
 43 a. Such insurance is sold or offered for sale at a licensed 
 44 location or at one of the licensee’s branch locations if the 
 45 branch location is appointed by the licensed lead business 
 46 location or its appointing insurers; 
 47 b. The insurer issuing the insurance directly supervises or 
 48 appoints a general lines agent to supervise the sale of such 
 49 insurance, including the development of a training program for 
 50 the employees and authorized representatives of vendors that are 
 51 directly engaged in the activity of selling or offering the 
 52 insurance; and 
 53 c. At each location where the insurance is offered, 
 54 brochures or other written materials that provide the 
 55 information required by this subparagraph are made available to 
 56 all prospective customers. The brochures or written materials 
 57 may include information regarding portable electronics or 
 58 eyewear insurance, service warranty agreements, or other 
 59 incidental services or benefits offered by a licensee. 
 60 3. Individuals not licensed to sell portable electronics or 
 61 eyewear insurance may not be paid commissions based on the sale 
 62 of such coverage. However, a licensee who uses a compensation 
 63 plan for employees and authorized representatives which includes 
 64 supplemental compensation for the sale of noninsurance products, 
 65 in addition to a regular salary or hourly wages, may include 
 66 incidental compensation for the sale of portable electronics or 
 67 eyewear insurance as a component of the overall compensation 
 68 plan. 
 69 4. Brochures or other written materials related to portable 
 70 electronics or eyewear insurance must: 
 71 a. Disclose that such insurance may duplicate coverage 
 72 already provided by a customer’s homeowners insurance policy, 
 73 renters insurance policy, or other source of coverage; 
 74 b. State that enrollment in insurance coverage is not 
 75 required in order to purchase or lease portable electronics or 
 76 eyewear or services; 
 77 c. Summarize the material terms of the insurance coverage, 
 78 including the identity of the insurer, the identity of the 
 79 supervising entity, the amount of any applicable deductible and 
 80 how it is to be paid, the benefits of coverage, and key terms 
 81 and conditions of coverage, such as wh