The Florida Senate

626.919  Withdrawal of eligibility; surplus lines insurer.--

(1)  If at any time the department has reason to believe that any unauthorized insurer then on the list of eligible surplus lines insurers is insolvent or in unsound financial condition, or does not make reasonable prompt payment of just losses and claims in this state, or that it is no longer eligible under the conditions therefor provided in s. 626.918, it shall withdraw the eligibility of the insurer to insure surplus lines risks in this state.

(2)  If the department finds that an insurer currently eligible as a surplus lines insurer has willfully violated the laws of this state or a rule of the department, it may, in its discretion, withdraw the eligibility of the insurer to insure surplus lines risks in this state.

(3)  The department shall promptly mail notice of all such withdrawals of eligibility to each surplus lines agent at his or her address of record with the department.

History.--s. 358, ch. 59-205; ss. 13, 35, ch. 69-106; s. 21, ch. 78-95; s. 2, ch. 81-318; ss. 318, 807, ch. 82-243; ss. 167, 206, 207, ch. 90-363; s. 4, ch. 91-429; s. 301, ch. 97-102.