Florida Statutes, Rules, and Regulations Common to All Lines
An insurer's certificate of authority is suspended while it continues to service policies already in force. What is its status during the suspension?
Answer and explanation
Answer: D. Section 624.09(1) makes authorization depend on a subsisting certificate of authority, so a suspended certificate leaves the insurer unauthorized under (2) for as long as the suspension lasts. The fact that the certificate was once valid does not carry over, and domestic status under section 624.06 refers to the state of formation rather than to authority to transact.Source: Fla. Stat. § 624.09 — 624.09(1), Effect of a subsisting certificate
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