Florida Statutes, Rules, and Regulations Common to All Lines
An insurer organized under the laws of Bermuda seeks to write business in Florida. How does Florida classify it?
Answer and explanation
Answer: D. Section 624.06(3) defines an alien insurer as an insurer other than a domestic or foreign insurer, and a Bermuda company is neither formed in Florida nor in another United States jurisdiction. Foreign status under (2) is limited to other United States jurisdictions, opening an office does not change the state of formation, and authorization is decided separately under section 624.09.Source: Fla. Stat. § 624.06 — 624.06(3), Alien insurer
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