Florida Statutes, Rules, and Regulations Common to All Lines
A Florida resident buys coverage from a company holding no Florida certificate of authority. What is the company's status?
Answer and explanation
Answer: A. Section 624.09(2) makes an insurer unauthorized when it is not duly authorized by a subsisting certificate of authority issued by the office. A buyer's consent does not confer authority. Foreign and domestic status under section 624.06 describe where the insurer was formed, which is a separate question from whether it may transact insurance in Florida.Source: Fla. Stat. § 624.09 — 624.09 read with 624.02
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