Florida Statutes, Rules, and Regulations Common to All Lines
An insurer organized under Georgia law writes life business in Florida. How does Florida classify it?
Answer and explanation
Answer: C. Section 624.06(2) defines a foreign insurer as one formed under the laws of any state, district, territory, or commonwealth of the United States other than this state, which fits a Georgia company. Domestic status under (1) requires formation in Florida. Alien status under (3) covers insurers that are neither domestic nor foreign. Authorization is a separate matter governed by section 624.09.Source: Fla. Stat. § 624.06 — 624.06(2), Foreign insurer
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