185.13 Failure of insurer to comply with chapter; penalty.
138 words·~1 min read·
/fl/title-xii/chapter-185/185-13A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If any insurance company, corporation or other insurer fails to comply with the provisions of this chapter, on or before March 1 in each year as herein provided, the certificate of authority issued to said insurance company, corporation or other insurer to transact business in this state may be canceled and revoked by the Office of Insurance Regulation of the Financial Services Commission, and it is unlawful for any such insurance company, corporation or other insurer to transact any business thereafter in this state unless such insurance company, corporation or other insurer shall be granted a new certificate of authority to transact business in this state, in compliance with provisions of law authorizing such certificate of authority to be issued.
The division shall be responsible for notifying the Office of Insurance Regulation regarding any such failure to comply.