Florida Statutes, Rules, and Regulations Common to All Lines
A Florida agent is asked to place coverage with an insurer that holds no Florida certificate of authority. What does section 626.901 say?
Answer and explanation
Answer: A. Section 626.901(1) provides that no person shall, from offices or by personnel or facilities located in this state, directly or indirectly act as agent for, or otherwise represent or aid on behalf of another, any insurer not then authorized to transact such insurance in this state. The prohibition is not lifted by a waiver, a trust account, or authorization elsewhere.Source: Fla. Stat. § 626.901 — 626.901(1), Representing an unauthorized insurer
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