Restrictions on insurance purchased by purchasing groups.
F.S. 627.949
in effect(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
(c)
An eligible surplus lines insurer.
(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.
Source: FL Statutes (Official Site)URL: https://www.flsenate.gov/Laws/Statutes/2025/Chapter627/AllFetched: 7/8/2026