™Your Policy Risk Impact Agent
19 chapters · 2,278 sections in this title.
Fla. Stat. § 627.954 Rules
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The commission may establish and from time to time amend such rules relating to risk retention groups and purchasing groups as may be necessary or desirable to carry out the provisions of this part.History.—ss. 2, 5, ch. 87-282; s. 114, ch. 92-318; s. 1251, ch. 2003-261.
Fla. Stat. § 627.955 Limitation on deductibles
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A purchasing group may not purchase insurance that provides for a deductible or self-insured retention that is applicable to the group as a whole. However, coverage may provide for a deductible or self-insured retention that is applicable to individual members.History.—s. 18, ch.…
Fla. Stat. § 627.971 Definitions
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As used in this part:(1)(a) “Financial guaranty insurance” means a surety bond, insurance policy, an indemnity contract issued by an insurer, or any similar guaranty, under which loss is payable upon proof of occurrence of financial loss to an insured claimant, obligee, or indemn…
Fla. Stat. § 627.972 Organization; financial requirements
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(1) A financial guaranty insurance corporation must be organized and licensed in the manner prescribed in this code for stock or mutual property and casualty insurers except that:(a) A corporation organized to transact financial guaranty insurance may, subject to this code, be li…