(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 state of the corporation who are of record in the office of the office. The insurer shall not solicit or write any new contracts in this state during the period of any such suspension or revocation.
(2) In its discretion, the office may cause notice of the revocation or suspension to be published in one or more newspapers of general circulation published in this state.
History.—ss. 10, 21, ch. 83-278; ss. 6, 7, ch. 93-147; s. 1644, ch. 2003-261.
Structure Florida Statutes
Chapter 642 - Legal Expense Insurance
642.016 - Chapter Exclusive; Applicability of Other Laws.
642.019 - Organization of Legal Expense Insurance Corporations.
642.021 - Certificate of Authority.
642.022 - Insurance Business Not Authorized.
642.023 - Required Deposit or Bond.
642.025 - Policy and Certificate Forms.
642.0261 - Net Worth Required of Applicants.
642.0262 - Net Worth Required to Maintain Certificate of Authority.
642.029 - Contracts by Insurers.
642.0301 - Filing, License, Statement, and Miscellaneous Fees.
642.032 - Provisions of General Insurance Law Applicable to Legal Expense Insurance Corporations.
642.0331 - Grounds for Suspension or Revocation of Certificate.
642.0334 - Order; Notice of Suspension or Revocation of Certificate; Effect; Publication.
642.0336 - Duration of Suspension; Obligations During Suspension; Reinstatement.
642.0338 - Administrative Fine in Lieu of Suspension or Revocation.
642.034 - License and Appointment Required.
642.036 - Sales Representatives to Be Licensed and Appointed.
642.038 - Reporting and Accounting for Funds.
642.047 - Administrative Fine in Lieu of Suspension or Revocation of License or Appointment.