Florida Statute 624.4414 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 624
INSURANCE CODE: ADMINISTRATION AND GENERAL PROVISIONS

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F.S. 624.4414

624.4414 Employer participants’ liability.—

(1) The liability of each employer participant for the obligations of the multiple-employer welfare arrangement shall be individual, several, and proportionate, but not joint, except as provided in this section and s. 624.4415.

(2) Each employer participant shall have a contingent assessment liability pursuant to s. 624.4415 for payment of actual losses and expenses incurred while the policy was in force.

(3) Each policy issued by the arrangement shall contain a statement of the contingent liability. Both the application for insurance and policy shall contain, in contrasting color and not less than 10-point type, the following statement: “This is a fully assessable policy. In the event the arrangement is unable to pay its obligations, policyholders (employers) will be required to contribute on a pro rata earned premium basis the money necessary to meet any unfilled obligations.”

History.—ss. 3, 5, ch. 88-116; ss. 184, 187, 188, ch. 91-108; s. 4, ch. 91-429.

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Amendments to 624.4414

Annotations, Discussions, Cases:

Cases Citing Statute 624.4414

Total Results: 2

In Re Intern. Forum of Fla. Health Ben. Tr.

607 So. 2d 432

District Court of Appeal of Florida | Filed: Sep 17, 1992 | Docket: 531124

Cited 5 times | Published

assessment liability, thus the assessment is void. Section 624.4414(2), Florida Statutes (1989), provides: Each

Appeal of Actron Contractors Equipment v. South Broward Hospital District

607 So. 2d 432, 1992 Fla. App. LEXIS 9999

District Court of Appeal of Florida | Filed: Sep 17, 1992 | Docket: 64671017

Published

assessment liability, thus the assessment is void. Section 624.-4414(2), Florida Statutes (1989), provides: Each