Florida Statute 627.949 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 627
INSURANCE RATES AND CONTRACTS

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F.S. 627.949

627.949 Restrictions on insurance purchased by purchasing groups.—

(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

(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.

History.—ss. 2, 5, ch. 87-282; s. 134, ch. 91-108; s. 114, ch. 92-318.

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Amendments to 627.949

Annotations, Discussions, Cases:

Cases Citing Statute 627.949

Total Results: 1

State of Florida, Department of Insurance v. National Amusement Purchasing Group, Inc., Risk Retention Service Corporation, Bel-Air Insurance Company

905 F.2d 361, 1990 U.S. App. LEXIS 11313, 1990 WL 83332

Court of Appeals for the Eleventh Circuit | Filed: Jul 9, 1990 | Docket: 508437

Cited 11 times | Published

Florida. Plaintiff contends that, pursuant to section 627.949 of the Florida Statutes, a purchasing group