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2021 Florida Statutes (Including 2021B Session)
SECTION 4073
Officers and directors of insolvent insurers.
Officers and directors of insolvent insurers.
624.4073 Officers and directors of insolvent insurers.—Any person who was an officer or director of an insurer doing business in this state and who served in that capacity within the 2-year period before the date the insurer became insolvent, for any insolvency that occurs on or after July 1, 2002, may not thereafter serve as an officer or director of an insurer authorized in this state or have direct or indirect control over the selection or appointment of an officer or director through contract, trust, or by operation of law, unless the officer or director demonstrates that his or her personal actions or omissions were not a significant contributing cause to the insolvency.
History.—s. 13, ch. 2002-25; s. 11, ch. 2018-102.