642.0301 – Filing, License, Statement, and Miscellaneous Fees.
642.0301 Filing, license, statement, and miscellaneous fees.— (1) Every legal expense insurance corporation must pay to the office the following fees: (a) Certificate of authority of legal expense insurance corporation. Filing application for original certificate of authority, including all accompanying documents, filing fee……….$250 (b) Annual license fee for legal expense insurance corporations……….$300 (c) Statements of legal expense insurance corporation: 1. Annual […]
642.032 – Provisions of General Insurance Law Applicable to Legal Expense Insurance Corporations.
642.032 Provisions of general insurance law applicable to legal expense insurance corporations.—The following provisions of the Florida Insurance Code shall apply to legal expense insurance corporations, to the extent that they are not inconsistent with the provisions of ss. 642.011-642.049: (1) Chapter 624, administration and general provisions. (2) Chapter 625, accounting, investments, and deposits. (3) Chapter 626, part IX, […]
642.0331 – Grounds for Suspension or Revocation of Certificate.
642.0331 Grounds for suspension or revocation of certificate.— (1) The certificate of authority of an insurer, whether issued pursuant to this chapter or the insurance code, may be revoked or suspended, or the office may refuse to renew a certificate of authority, if the office determines that the insurer: (a) Has violated any lawful rule or order of […]
642.0334 – Order; Notice of Suspension or Revocation of Certificate; Effect; Publication.
642.0334 Order; notice of suspension or revocation of certificate; effect; publication.— (1) Suspension or revocation of a certificate of authority of an insurer shall be by order of the office mailed to the corporation by registered or certified mail. The office also shall promptly give notice of such suspension or revocation to the sales representatives in this […]
642.0336 – Duration of Suspension; Obligations During Suspension; Reinstatement.
642.0336 Duration of suspension; obligations during suspension; reinstatement.— (1) Suspension of an insurer’s certificate of authority shall be for such period, not to exceed 1 year, as is fixed in the order of suspension, unless such suspension or the order upon which the suspension is based is modified, rescinded, or reversed. (2) During the period of suspension, the […]
642.0338 – Administrative Fine in Lieu of Suspension or Revocation.
642.0338 Administrative fine in lieu of suspension or revocation.— (1) If the office finds that one or more grounds exist for the revocation or suspension of a certificate of authority issued under this chapter, the office may, in lieu of such suspension or revocation, impose a fine upon the insurer. (2) With respect to any nonwillful violation, such […]
642.019 – Organization of Legal Expense Insurance Corporations.
642.019 Organization of legal expense insurance corporations.— (1) Any number of corporations or adult natural persons may organize a legal expense insurance corporation under the law of this state relating to corporations generally. (2) The articles of incorporation shall conform to the requirements applicable to corporations, and, in addition: (a) The name of the corporation shall indicate that legal […]
642.021 – Certificate of Authority.
642.021 Certificate of authority.— (1) It is unlawful for any person to engage in a legal expense insurance business in this state without a valid certificate of authority issued by the office, pursuant to ss. 642.011-642.049, except that a domestic, foreign, or alien insurer authorized to transact life or casualty insurance in this state may transact legal […]
642.022 – Insurance Business Not Authorized.
642.022 Insurance business not authorized.—Nothing in the Florida Insurance Code or this chapter shall be deemed to authorize any legal expense corporation to transact any insurance business other than that of legal expense insurance or to otherwise engage in any other type of insurance unless it is authorized under a certificate of authority issued by the […]
642.023 – Required Deposit or Bond.
642.023 Required deposit or bond.— (1) To assure the faithful performance of its obligations in the event of insolvency, each legal expense insurance corporation, prior to the issuance of its certificate of authority, shall deposit and maintain with the department securities of the type eligible for deposit by insurers under s. 625.52, which securities shall be held […]