SECTION 627.948. Notice and registration requirements of purchasing groups.
Latest version.
1(1) 2A purchasing group which intends to do business in this state shall furnish notice to the office which shall:21(a) 22Identify the state in which the group is domiciled.
31(b) 32Specify the lines and classifications of liability insurance which the purchasing group intends to purchase.
47(c) 48Identify the insurance company or companies from which the group intends to purchase its insurance and the domicile of such company or companies.
71(d) 72Identify the principal place of business of the group.
81(e) 82Provide such other information as may be required by the office to verify that the purchasing group is qualified as a purchasing group under the provisions of this part.
111(2) 112The purchasing group shall register with and designate the Chief Financial Officer or her or his designee as its agent solely for the purpose of receiving service of legal documents or process. This requirement shall not apply in the case of a purchasing group:156(a) 157Which:1581. 159Was domiciled before April 1, 1986.
1652. 166Is domiciled on and after October 27, 1986, in any state of the United States.
181(b) 182Which:1831. 184Before October 27, 1986, purchased insurance from an insurance carrier licensed in any state; and
1992. 200Since October 27, 1986, purchased its insurance from an insurance carrier licensed in any state.
215(c) 216Which was a purchasing group under the requirements of the Product Liability Risk Retention Act of 1981 before October 27, 1986.
237(d) 238Which does not purchase insurance that was not authorized for purposes of an exemption under that act, as in effect before October 27, 1986.
Bills Cite this Section:
None
Cited by Court Cases:
None
var val = document.getElementById('citecontent').innerHTML;
var href = decodeURIComponent(window.location.href);
var url = decodeURIComponent(escape(href.split("#")[0]));
url = decodeURIComponent(escape(url.split(",")[0]));
art.dialog.defaults.title = url;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
