Surplus Insurance Companies Exempt from Florida Insurance Regulation

Posted on May 04, 2009

Florida Governor Charlie Crist is expected to sign House Bill 853 which will among other things, exempt surplus insurers from Florida Statutes 627.  Florida Statute 627 is the main Statute that governs insurance companies in Florida.  Traditionally, surplus insurers were exempted from Chapter 627, but two recent court decisions held that surplus insurers are exempted from Chapter 627 to the extent of insurance rate regulation, but not from the remaining requirements in Chapter 627, such as insurance application and form approval from the Office of Insurance Regulation.  Since these court decisions, surplus insurers rushed to lobby for new legislation explicitly granting exemption.  Now, House Bill 853 is schedule to be signed by the Governor and become effective October 1, 2009, with a retroactive date of October 1, 1988.

Surplus insurers issue hard to place policies and only after three admitted or Florida authorized insurers have rejected to offer coverage.

Some Florida surplus insurers include:

  • ADMIRAL INSURANCE COMPANY
  • ADRIATIC INSURANCE COMPANY
  • AIX SPECIALTY INSURANCE COMPANY
  • ALEA LONDON LIMITED
  • ALLIANZ GLOBAL CORPORATE & SPECIALTY (FRANCE)
  • ALLIANZ UNDERWRITERS INSURANCE COMPANY
  • ALLIED WORLD ASSURANCE COMPANY (US), INC.
  • AMERICAN EMPIRE SURPLUS LINES INSURANCE COMPANY
  • AMERICAN EQUITY INSURANCE COMPANY
  • AMERICAN HEALTHCARE SPECIALTY INSURANCE COMPANY
  • AMERICAN INTERNATIONAL SPECIALTY LINES INS. CO.
  • AMERICAN MODERN SURPLUS LINES INSURANCE COMPANY
  • AMERICAN SAFETY INDEMNITY COMPANY
  • AMERICAN SAFETY INSURANCE COMPANY
  • AMERICAN WESTERN HOME INSURANCE COMPANY
  • APPALACHIAN INSURANCE COMPANY
  • ARCH EXCESS & SURPLUS INSURANCE COMPANY
  • ARCH SPECIALTY INSURANCE COMPANY
  • ARGONAUT GREAT CENTRAL INSURANCE COMPANY
  • ARROWOOD SURPLUS LINES INSURANCE COMPANY
  • ASI LLOYDS
  • ASPEN INSURANCE UK LIMITED
  • ASPEN SPECIALTY INSURANCE COMPANY
  • ASSOCIATED ELECTRIC & GAS INS. SERVICES, LTD.
  • ASSOCIATED INTERNATIONAL INSURANCE COMPANY
  • ATLANTIC CASUALTY INSURANCE COMPANY
  • AUDUBON INDEMNITY COMPANY
  • AVIVA INTERNATIONAL INSURANCE LIMITED
  • AXIS SPECIALTY EUROPE LIMITED
  • AXIS SURPLUS INSURANCE COMPANY
  • BERKSHIRE HATHAWAY INTERNATIONAL INSURANCE LIMITED
  • BURLINGTON INSURANCE COMPANY
  • CANAL INDEMNITY COMPANY
  • CAPITOL SPECIALTY INSURANCE CORPORATION
  • CATLIN SPECIALTY INSURANCE COMPANY
  • CENTENNIAL CASUALTY COMPANY
  • CENTURY SURETY COMPANY
  • CHUBB CUSTOM INSURANCE COMPANY
  • CLARENDON AMERICA INSURANCE COMPANY
  • COLONY INSURANCE COMPANY
  • COLUMBIA CASUALTY COMPANY
  • COMMONWEALTH INSURANCE COMPANY
  • COMPANION SPECIALTY INSURANCE COMPANY
  • CRUM & FORSTER SPECIALTY INSURANCE COMPANY
  • CUMIS SPECIALTY INSURANCE COMPANY
  • DARWIN SELECT INSURANCE COMPANY
  • DISCOVER SPECIALTY INSURANCE COMPANY
  • EMPIRE INDEMNITY INSURANCE COMPANY
  • ENDURANCE AMERICAN SPECIALTY INSURANCE COMPANY
  • ESSEX INSURANCE COMPANY
  • EVANSTON INSURANCE COMPANY
  • EVEREST INDEMNITY INSURANCE COMPANY
  • EXECUTIVE RISK SPECIALTY INSURANCE COMPANY
  • FIREMAN'S FUND INSURANCE COMPANY OF OHIO
  • FIRST MERCURY INSURANCE COMPANY
  • FIRST SPECIALTY INSURANCE CORPORATION
  • FOUNDERS INSURANCE COMPANY D/B/A PROSURE INSURANCE COMPANY
  • GEMINI INSURANCE COMPANY
  • GENERAL SECURITY INDEMNITY COMPANY OF ARIZONA
  • GENERAL STAR INDEMNITY COMPANY
  • GENERALI ASSURANCES IARD
  • GENESIS INDEMNITY INSURANCE COMPANY
  • GEOVERA SPECIALTY INSURANCE COMPANY
  • GLENCOE INSURANCE LTD.
  • GOTHAM INSURANCE COMPANY
  • GREAT AMERICAN E & S INSURANCE COMPANY
  • GREAT AMERICAN FIDELITY INSURANCE COMPANY
  • GREAT LAKES REINSURANCE (U.K.) PLC
  • GUILFORD INSURANCE COMPANY
  • GULF UNDERWRITERS INSURANCE COMPANY
  • HALLMARK SPECIALTY INSURANCE COMPANY
  • HEDDINGTON INSURANCE (UK), LTD.
  • HERMITAGE INSURANCE COMPANY
  • HOMELAND INSURANCE COMPANY OF NEW YORK
  • HOUSTON CASUALTY COMPANY
  • HUDSON SPECIALTY INSURANCE COMPANY
  • ILLINOIS UNION INSURANCE COMPANY
  • INDIAN HARBOR INSURANCE COMPANY
  • INTEGON SPECIALTY INSURANCE COMPANY
  • INTERSTATE FIRE & CASUALTY COMPANY
  • IRONSHORE SPECIALTY INSURANCE COMPANY
  • JAMES RIVER INSURANCE COMPANY
  • LAFAYETTE INSURANCE COMPANY
  • LANCASHIRE INSURANCE COMPANY LIMITED
  • LANDMARK AMERICAN INSURANCE COMPANY
  • LANDMARK INSURANCE COMPANY
  • LANTANA INSURANCE LTD
  • LEXINGTON INSURANCE COMPANY
  • LIBERTY SURPLUS INSURANCE CORPORATION
  • LLOYD'S, UNDERWRITERS AT, LONDON
  • LONDON AND EDINBURGH INSURANCE COMPANY LIMITED
  • MARINE INSURANCE COMPANY, LTD.
  • MARKEL INTERNATIONAL INSURANCE COMPANY LIMITED
  • MAX SPECIALTY INSURANCE COMPANY
  • MAXUM INDEMNITY COMPANY
  • MISSISSIPPI FARM BUREAU CASUALTY INSURANCE COMPANY
  • MONTPELIER U.S. INSURANCE COMPANY
  • MOUNT VERNON FIRE INSURANCE COMPANY
  • MSA INSURANCE COMPANY
  • MT. HAWLEY INSURANCE COMPANY
  • NATIONAL FIRE AND MARINE INSURANCE COMPANY
  • NAUTILUS INSURANCE COMPANY
  • NAVIGATORS SPECIALTY INSURANCE COMPANY DBA NIC INSURANCE COMPANY
  • NOETIC SPECIALTY INSURANCE COMPANY
  • NORTH AMERICAN CAPACITY INSURANCE COMPANY
  • NORTHFIELD INSURANCE COMPANY
  • NUTMEG INSURANCE COMPANY
  • OCEAN MARINE INSURANCE COMPANY, LTD.
  • OLD REPUBLIC UNION INSURANCE COMPANY
  • OMEGA US INSURANCE INC.
  • PACIFIC INSURANCE COMPANY, LTD.
  • PENN-AMERICA INSURANCE COMPANY
  • PHILADELPHIA INSURANCE COMPANY
  • PRAETORIAN SPECIALTY INSURANCE COMPANY
  • PRIME INSURANCE SYNDICATE, INC.
  • PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY
  • PROFESSIONAL SECURITY INSURANCE COMPANY
  • PROFESSIONAL UNDERWRITERS LIABILITY INS. COMPANY
  • QBE INSURANCE (EUROPE) LIMITED
  • QBE SPECIALTY INSURANCE COMPANY
  • QUANTA SPECIALTY LINES INSURANCE COMPANY
  • RED MOUNTAIN CASUALTY INSURANCE COMPANY, INC.
  • REDWOOD FIRE AND CASUALTY INSURANCE COMPANY
  • REPUBLIC-VANGUARD INSURANCE COMPANY
  • ROCKHILL INSURANCE COMPANY
  • SAFECO SURPLUS LINES INSURANCE COMPANY
  • SAGAMORE INSURANCE COMPANY
  • SAVERS PROPERTY & CASUALTY INSURANCE COMPANY
  • SCOTTSDALE INSURANCE COMPANY
  • SECURITY NATIONAL INSURANCE COMPANY
  • SENECA SPECIALTY INSURANCE COMPANY
  • ST. PAUL SURPLUS LINES INSURANCE COMPANY
  • STEADFAST INSURANCE COMPANY
  • SWISS RE INTERNATIONAL SE
  • SWISS RE SPECIALTY INSURANCE (UK) LIMITED
  • TEXAS FARMERS INSURANCE COMPANY
  • TITAN INSURANCE COMPANY
  • TOPA INSURANCE COMPANY
  • TOWER INSURANCE COMPANY OF NEW YORK
  • TRAVELERS EXCESS AND SURPLUS LINES COMPANY
  • TUDOR INSURANCE COMPANY
  • UNITED NATIONAL INSURANCE COMPANY
  • UNITED SPECIALTY INSURANCE COMPANY
  • UNIVERSAL CASUALTY COMPANY
  • USF INSURANCE COMPANY
  • VOYAGER INDEMNITY INSURANCE COMPANY
  • WESTCHESTER SURPLUS LINES INSURANCE COMPANY
  • WESTERN HERITAGE INSURANCE COMPANY
  • WESTERN WORLD INSURANCE COMPANY
  • WILSHIRE INSURANCE COMPANY
  • WURTTEMBERGISCHE VERSICHERUNG AKTIENGESELLSCHAFT
  • XL SELECT INSURANCE COMPANY
  • ZC SPECIALTY INSURANCE COMPANY

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