2010 Florida Code
TITLE XXXVII INSURANCE
Chapter 634 WARRANTY ASSOCIATIONS
PART III SERVICE WARRANTY ASSOCIATIONS(ss. 634.401-634.444)
634.429 Fronting not permitted.
634.429 Fronting not permitted.
No authorized insurer or licensed service warranty association may act as a fronting company for any unauthorized insurer or unlicensed service warranty association. A “fronting company” is an authorized insurer or licensed service warranty association which, by reinsurance or otherwise, generally transfers to one or more unauthorized insurers or unlicensed service warranty associations the risk of loss under warranties written by it in this state.
History. s. 5, ch. 78-255; s. 3, ch. 81-148; s. 2, ch. 81-318; s. 3, ch. 83-265; ss. 23, 36, 37, 38, ch. 83-322; s. 20, ch. 93-195.
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