20.3.7 Controlled Business
Florida statutes do not allow an insurance agent to write controlled business unless the amount of other similar business written is at least equal to the amount of controlled business written.
Controlled business pertains to taking out life insurance or annuity contracts covering the agent or family members; officers, directors, stockholders, partners, or employees of a business in which he or she or a family member is engaged; or the debtors of a firm, association, or corporation of which he or she is an officer, director, stockholder, partner, or employee.
In other words, "Limiting sales to a specific group in which you have a vested interest."
