Florida Statutes, Rules, and Regulations Common to All Lines
What distinguishes an authorized insurer from an unauthorized insurer in Florida?
Answer and explanation
Answer: A. Section 624.09(1) defines an authorized insurer as one duly authorized by a subsisting certificate of authority issued by the office to transact insurance in this state, and (2) defines an unauthorized insurer as one not so authorized. State of formation goes to domestic, foreign, and alien status under section 624.06. Appointing agents and filing forms are obligations that follow authorization rather than the definition of it.Source: Fla. Stat. § 624.09 — 624.09(1)-(2), Authorized and unauthorized
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