Florida § 627.949 Restrictions on insurance purchased by purchasing groups

Florida Statutes

§ 627.949 — Restrictions on insurance purchased by purchasing groups

Florida § 627.949

TitleXXXVII

Ch. 627INSURANCE RATES AND CONTRACTS

This text of Florida § 627.949 (Restrictions on insurance purchased by purchasing groups) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 627.949 (2026).

Text

(1)In order to purchase insurance or coverage for a risk located in this state, which risk is a subject of insurance of a member of the purchasing group, a purchasing group shall only purchase insurance or coverage from:

(a)A risk retention group that is certificated or licensed in one of the states of the United States;

(b)An authorized insurer; or (c) An eligible surplus lines insurer.

(2)A purchasing group shall utilize an agent licensed and appointed in this state in order to solicit, transact, or purchase insurance or coverage for a risk located in this state, which risk is a subject of insurance of a member of the purchasing group.

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(1) In order to purchase insurance or coverage for a risk located in this state, which risk is a subject of insurance of a member of the purchasing group, a purchasing group shall only purchase insurance or coverage from: (a) A risk retention group that is certificated or licensed in one of the states of the United States; (b) An authorized insurer; or (c) An eligible surplus lines insurer.

(2) A purchasing group shall utilize an agent licensed and appointed in this state in order to solicit, transact, or purchase insurance or coverage for a risk located in this state, which risk is a subject of insurance of a member of the purchasing group.