Fla. Stat. 629.520
Authority of a limited reciprocal insurer

The authority of any limited reciprocal insurer to accept new business or renewals shall not continue beyond October 1, 1992; however, such limited reciprocal insurer shall continue to service its obligations previously incurred or with the approval of the office, arrange for the transfer of these obligations to an authorized insurer. All power of the office with respect to limited reciprocal insurers shall continue undiminished. This section does not affect any other power of the office or any other function of the office.

Source: Section 629.520 — Authority of a limited reciprocal insurer, https://www.flsenate.gov/Laws/Statutes/2024/0629.520 (accessed Aug. 7, 2025).

629.011
Definitions 629.031
Scope of chapter 629.041
Insuring powers of reciprocals 629.051
Name 629.071
Surplus funds required 629.081
Organization of reciprocal insurer 629.091
Reciprocal certificate of authority 629.094
Continued eligibility for certificate of authority 629.101
Power of attorney 629.111
Modifications 629.121
Attorney’s bond 629.131
Deposit in lieu of bond 629.141
Action on bond 629.161
Contributions to insurer 629.171
Annual statement 629.181
Financial condition 629.191
Who may be subscribers 629.201
Subscribers’ advisory committee 629.211
Subscribers’ liability 629.221
Subscribers’ liability 629.225
Acquisitions 629.227
Background information 629.229
Attorneys in fact, officers, and directors of insolvent reciprocal insurers or other insurers 629.231
Assessments 629.241
Time limit for assessments 629.251
Aggregate liability 629.261
Nonassessable policies 629.271
Distribution of savings 629.281
Subscribers’ share in assets 629.291
Merger or conversion 629.301
Impaired reciprocal insurers 629.401
Insurance exchange 629.520
Authority of a limited reciprocal insurer 629.525
Rulemaking authority 629.5011
Tax on premiums

Current through Fall 2025

§ 629.520. Auth. of a limited reciprocal insurer's source at flsenate.gov

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Location: https://florida.public.law/statutes/fla._stat._629.520

Original Source: Section 629.520 — Authority of a limited reciprocal insurer, https://www.flsenate.gov/Laws/Statutes/2024/0629.520 (last accessed Aug. 7, 2025).