Fla. Stat. § 624.4073

Current through the 2024 Legislative Session
Section 624.4073 - Officers and directors of insolvent insurers

Any person who was an officer or director of an insurer doing business in this state and who served in that capacity within the 2-year period before the date the insurer became insolvent, for any insolvency that occurs on or after July 1, 2002, may not thereafter serve as an officer or director of an insurer authorized in this state or have direct or indirect control over the selection or appointment of an officer or director through contract, trust, or by operation of law, unless the officer or director demonstrates that his or her personal actions or omissions were not a significant contributing cause to the insolvency.

Fla. Stat. § 624.4073

s.13, ch. 2002-25; s.11, ch. 2018-102.
Amended by 2018 Fla. Laws, ch. 102, s 11, eff. 7/1/2018.