Fla. Stat. 624.410
Permissible insuring combinations without additional capital funds

A property insurer may include such amount and kind of insurance against legal liability for injury, damage, or loss to the person or property of others, and for medical, hospital, and surgical expense related to such injury, as the office deems to be reasonably incidental to insurance of real property against fire and other perils under policies covering residential properties involving not more than four families, with or without incidental office, professional, private school or studio occupancy by an insured, whether or not the premium or rate charged for certain perils so covered is specified in the policy. Any provision of s. 624.609 to the contrary notwithstanding, no insurer authorized as to property insurance only shall, pursuant to this subsection, retain risk as to any one subject of insurance as to hazards other than property insurance hazards, in an amount exceeding 5 percent of its surplus as to policyholders.

Source: Section 624.410 — Permissible insuring combinations without additional capital funds, https://www.­flsenate.­gov/Laws/Statutes/2024/0624.­410 (accessed Aug. 7, 2025).

624.44
Examination by the office 624.45
Participation of financial institutions in reinsurance and in insurance exchanges 624.401
Certificate of authority required 624.402
Exceptions, certificate of authority required 624.404
General eligibility of insurers for certificate of authority 624.406
Combinations of insuring powers, one insurer 624.407
Surplus required 624.408
Surplus required 624.410
Permissible insuring combinations without additional capital funds 624.411
Deposit requirement 624.412
Deposit of alien insurers 624.413
Application for certificate of authority 624.414
Issuance or refusal of authority 624.415
Ownership of certificate of authority 624.416
Continuance, expiration, reinstatement, and amendment of certificate of authority 624.418
Suspension, revocation of certificate of authority for violations and special grounds 624.420
Order, notice of suspension or revocation of certificate of authority 624.421
Duration of suspension 624.422
Service of process 624.423
Serving process 624.424
Annual statement and other information 624.425
Agent countersignature required, property, casualty, surety insurance 624.426
Exceptions to countersignature law 624.428
Licensed agent law, life and health insurances 624.430
Withdrawal of insurer or discontinuance of writing certain kinds or lines of insurance 624.436
Florida Nonprofit Multiple-Employer Welfare Arrangement Act 624.437
“Multiple-employer welfare arrangement” defined 624.438
General eligibility 624.439
Filing of application 624.441
Insolvency protection 624.442
Annual reports 624.443
Place of business 624.444
Suspension, revocation of approval 624.445
Order, notice, duration, effect of suspension or revocation 624.446
Rehabilitation, dissolution 624.447
Certificate of insurance for contractors 624.448
Assets of insurers 624.449
Insurer investment in foreign companies 624.460
Short title 624.461
Definition 624.462
Commercial self-insurance funds 624.464
Certificate of authority required 624.466
Application requirements for certificate of authority 624.468
Continuing requirements for certificate of authority 624.470
Annual reports 624.472
Member’s liability 624.473
Dividends 624.474
Assessments 624.475
Tax on premiums, contributions, and assessments 624.476
Impaired self-insurance funds 624.477
Liquidation, rehabilitation, reorganization, and conservation 624.480
Filing, approval, and disapproval of forms 624.482
Making and use of rates 624.483
Self-insurer members 624.484
Registration of agent 624.486
Examination 624.487
Enforcement of specified insurance provisions 624.488
Applicability of related laws 624.489
Liability of trustees of self-insurance trust fund and directors of self-insurance funds operating as corporations 624.490
Registration of pharmacy benefit managers 624.491
Pharmacy audits 624.4031
Church benefit plans and church benefit board 624.4055
Restrictions on existing private passenger automobile insurance 624.4073
Officers and directors of insolvent insurers 624.4085
Risk-based capital requirements for insurers 624.4094
Bail bond premiums 624.4095
Premiums written 624.4135
Redomestication 624.4211
Administrative fine in lieu of suspension or revocation 624.4212
Confidentiality of proprietary business and other information 624.4213
Trade secret documents 624.4241
NAIC filing requirements 624.4243
Reporting of premium growth 624.4245
Change in controlling interest of foreign or alien insurer 624.4301
Notice of temporary discontinuance of writing new residential property insurance policies 624.4305
Nonrenewal of residential property insurance policies 624.4315
Workers’ compensation insurers 624.4361
Definitions 624.4385
Certain words prohibited in name of organization 624.4392
Fund balance 624.4411
Administrative, provider, and management contracts 624.4412
Policy forms 624.4414
Employer participants’ liability 624.4415
Assessments 624.4416
Assessments by receiver 624.4417
Certain sales prohibited 624.4431
Administration 624.4432
Assets, liabilities, and investments 624.4621
Group self-insurance funds 624.4622
Local government self-insurance funds 624.4623
Independent Educational Institution Self-Insurance Funds 624.4625
Corporation not for profit self-insurance funds 624.4626
Electric cooperative self-insurance fund 624.4741
Venue in assessment actions 624.40711
Restrictions on insurers that are wholly owned subsidiaries of insurers to do business in state 624.40851
Confidentiality of risk-based capital information 624.46223
Notice of intent to withdraw 624.46225
Self-insured public utilities 624.46226
Public housing authorities self-insurance funds

Current through Fall 2025

§ 624.410. Permissible insuring combinations without additional capital funds's source at flsenate​.gov