§ 624.40711, Fla. Stat. · Part III. AUTHORIZATION OF INSURERS ANDGENERAL REQUIREMENTS
Restrictions on insurers that are wholly owned subsidiaries of insurers to do business in state.
Text — 2026 Florida Statutes
Notwithstanding any other provision of law:
(1) A new certificate of authority for the transaction of residential property insurance may not be issued to any insurer domiciled in this state that is a wholly owned subsidiary of an insurer authorized to do business in any other state.
(2) The rate filings of any insurer domiciled in this state that is a wholly owned subsidiary of an insurer authorized to do business in any other state shall include information relating to the profits of the parent company of the insurer domiciled in this state.
Notes and commentary — not statutory text
History
s. 25, ch. 2007-90; s. 139, ch. 2020-2.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0624/0624.html
- Text hash
- sha256 7ae2cc9b7f641adba33f57be11226ac466b726c937715e42d3f86c2f8abff3c5
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.