Florida Statutes, Rules, and Regulations Common to All Lines
An alien insurer holds a subsisting Florida certificate of authority, and a domestic insurer's certificate has lapsed. How does Florida classify each?
Answer and explanation
Answer: B. Authorization under section 624.09 turns on holding a subsisting certificate of authority issued by the office, and nothing else. Where an insurer was formed decides only whether it is domestic, foreign, or alien under section 624.06. So an alien insurer with a live certificate is authorized, while a domestic insurer whose certificate has lapsed is not.Source: Fla. Stat. § 624.09 — 624.09(1) read with 20.121(3)(a)1.
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