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The Florida Senate

2005 Florida Statutes

Section 627.945, Florida Statutes 2005

627.945  Compulsory association.--

(1)  No risk retention group shall be permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall any risk retention group, or its insured, receive any benefit from any such fund for claims arising out of the operations of the risk retention group.

(2)  A risk retention group shall participate in this state's joint underwriting associations as established under ss. 627.311(3) and 627.351(1), (3), (4), and (5).

History.--ss. 2, 5, ch. 87-282; s. 114, ch. 92-318.