Risk Retention Groups

Summary

The bill adds a new subsection to Florida’s insurance statutes stating that any risk retention group that registers to do business in the state is considered an insurance company authorized to operate there. This clarification impacts risk retention groups seeking Florida licensure and aligns them with other insurers under state law. The measure would have become effective on July 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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