Florida Senate - 2026                                     SB 836
       
       
        
       By Senator DiCeglie
       
       
       
       
       
       18-01447-26                                            2026836__
    1                        A bill to be entitled                      
    2         An act relating to risk retention groups; amending s.
    3         627.944, F.S.; specifying that risk retention groups
    4         registered to do business in this state are insurance
    5         companies authorized to do business in this state;
    6         providing an effective date.
    7          
    8  Be It Enacted by the Legislature of the State of Florida:
    9  
   10         Section 1. Subsection (13) is added to section 627.944,
   11  Florida Statutes, to read:
   12         627.944 Risk retention groups not certificated in this
   13  state.—Risk retention groups certificated or licensed in states
   14  other than this state and seeking to do business as a risk
   15  retention group in this state must observe and abide by the laws
   16  of this state as follows:
   17         (13) AUTHORIZATION.—A risk retention group registered to do
   18  business in this state pursuant to this section is an insurance
   19  company authorized to do business in this state.
   20         Section 2. This act shall take effect July 1, 2026.