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A surplus lines broker seeking to procure or place nonadmitted insurance in a state for an exempt commercial purchaser ("ECP") is not required to satisfy any state requirement to a make a due diligence search to determine whether the full amount or type of insurance sought by the ECP may be obtained from admitted insurers if: (1) the broker ...
Citizens Property Insurance Corporation (Citizens) was created in 2002 from the merger of two other entities to provide both windstorm coverage and general property insurance for home-owners who could not obtain insurance elsewhere. It was established by the Florida Legislature in Chapter 627.351 (6) Florida Statutes as a not-for-profit insurer ...
In a 9 line surplus treaty the reinsurer would then accept up to $900,000 (9 lines). So if the insurance company issues a policy for $100,000, they would keep all of the premiums and losses from that policy. If they issue a $200,000 policy, they would give (cede) half of the premiums and losses to the reinsurer (1 line each). The maximum ...
The Department of Business and Professional Regulation (DBPR) is the agency charged with licensing and regulating more than 1.6 million businesses and professionals in the State of Florida, such as alcohol, beverage & tobacco, barbers/cosmetologists, condominiums, spas, hotels and restaurants, real estate agents and appraisers, and veterinarians, among many other industries.
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The White-Miskill Act for Parasailing. [1] is a law enacted by the legislature of the State of Florida in 2014 for the control of the sport of parasailing.It relates to commercial and recreational water activities prohibiting certain water activities within some areas and specifies the requirements for the operator of a vessel engaged in commercial parasailing.
Branch/service. United States Army. Unit. Florida Army National Guard. Battles/wars. Iraq War. Mike Giallombardo (born October 1982) is an American politician, businessman, and current Chief Warrant Officer (CW2) serving as a member of the Florida House of Representatives from the 77th district. He assumed office on November 3, 2020.
Surplus note. In the United States a contingent surplus note[1] is a bond -like instrument issued by an insurance company. These securities are subordinated obligations and fall at the very bottom of the operating insurance company's capital structure. They are issued primarily by mutual insurance companies, which are not public and are owned ...