642.0336 Duration of suspension; obligations during suspension; reinstatement.—
(1) Suspension of an insurer’s certificate of authority shall be for such period, not to exceed 1 year, as is fixed in the order of suspension, unless such suspension or the order upon which the suspension is based is modified, rescinded, or reversed.
(2) During the period of suspension, the insurer shall file its annual statement and pay fees as required under this chapter as if the certificate of authority had continued in full force.
(3) Upon expiration of the period of suspension, if within such period the certificate of authority has not otherwise terminated, the certificate of authority shall automatically be reinstated, unless the causes of the suspension have not been removed or the insurer is otherwise not in compliance with the requirements of this chapter.
(4) Upon reinstatement of an insurer’s certificate of authority following suspension, the authority of the sales representatives in this state to represent the insurer shall be reinstated.
History.—ss. 11, 21, ch. 83-278; ss. 6, 7, ch. 93-147.
Section: Previous 642.0262 642.027 642.029 642.0301 642.032 642.0331 642.0334 642.0336 642.0338 642.034 642.036 642.038 642.041 642.043 642.045 NextLast modified: September 23, 2016