Florida § 287.0935 - Surety bond insurers.
Full text of Florida Florida Statutes § 287.0935 — Surety bond insurers., with citation guidance and answers to common questions.
§ 287.0935. Surety bond insurers.
When the contract amount of a project does not exceed $500,000 and when public funds are utilized for the project, a person, the state, or a political subdivision shall not refuse, as surety for the project, bid bonds, performance bonds, labor and materials payment bonds, or any other surety bonds which are issued by a surety company which fulfills each of the following provisions: (1) The surety company is licensed to do business in the State of Florida; (2) The surety company holds a certificate of authority authorizing it to write surety bonds in this state; (3) The surety company has twice the minimum surplus and capital required by the Florida Insurance Code at the time the invitation to bid is issued; (4) The surety company is otherwise in compliance with the provisions of the Florida Insurance Code; and (5) The surety company holds a currently valid certificate of authority issued by the United States Department of the Treasury under 31 U.S.C. ss. 9304-9308.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 287.0935
What does Florida Statutes § 287.0935 cover?
Section 287.0935 ("Surety bond insurers.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 287.0935?
A common citation format is "Florida Statutes § 287.0935" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 287.0935 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.