Florida § 624.40711 - Restrictions on insurers that are wholly owned subsidiaries of insurers to do business in state.
Full text of Florida Florida Statutes § 624.40711 — Restrictions on insurers that are wholly owned subsidiaries of insurers to do business in state., with citation guidance and answers to common questions.
§ 624.40711. Restrictions on insurers that are wholly owned subsidiaries of insurers to do business in state.
Notwithstanding any other provision of law: (1) A new certificate of authority for the transaction of residential property insurance may not be issued to any insurer domiciled in this state that is a wholly owned subsidiary of an insurer authorized to do business in any other state. (2) The rate filings of any insurer domiciled in this state that is a wholly owned subsidiary of an insurer authorized to do business in any other state shall include information relating to the profits of the parent company of the insurer domiciled in this state.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 624.40711
What does Florida Statutes § 624.40711 cover?
Section 624.40711 ("Restrictions on insurers that are wholly owned subsidiaries of insurers to do business in state.") 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 § 624.40711?
A common citation format is "Florida Statutes § 624.40711" (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 § 624.40711 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.