Fla. Stat. 627.949
Restrictions on insurance purchased by purchasing groups

(1)

In order to purchase insurance or coverage for a risk located in this state, which risk is a subject of insurance of a member of the purchasing group, a purchasing group shall only purchase insurance or coverage from:A risk retention group that is certificated or licensed in one of the states of the United States;An authorized insurer; orAn eligible surplus lines insurer.

(a)

A risk retention group that is certificated or licensed in one of the states of the United States;

(b)

An authorized insurer; or

(c)

An eligible surplus lines insurer.

(2)

A purchasing group shall utilize an agent licensed and appointed in this state in order to solicit, transact, or purchase insurance or coverage for a risk located in this state, which risk is a subject of insurance of a member of the purchasing group.

Source: Section 627.949 — Restrictions on insurance purchased by purchasing groups, https://www.­flsenate.­gov/Laws/Statutes/2024/0627.­949 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 627.949. Restrictions on insurance purchased by purchasing groups's source at flsenate​.gov