Exams / Florida Life Insurance License / Fla. Stat. §627.950

Fla. Stat. §627.950 — what it says, and how the exam tests it

This section is cited by 2 of our practice questions and is tested on 5 exams including the Florida Life Insurance License.

The text

627.950 Administrative and procedural authority regarding risk retention and purchasing groups. — The office is authorized to make use of any of the powers established under the Florida Insurance Code to enforce the laws of this state so long as those powers are not specifically preempted by the Product Liability Risk Retention Act of 1981 as amended by the Risk Retention Amendments of 1986. This includes, but is not limited to, the office’s administrative authority to investigate, issue subpoenas, conduct depositions and hearings, issue orders, and impose penalties. With regard to any investigation, administrative proceedings, or litigation, the office may rely on the procedural law and regulations of the state. The injunctive authority of the office in regard to risk retention groups is restricted to the extent that any injunction shall be issued by a court of competent jurisdiction.

Public record. Read the full, current section at the official source: www.leg.state.fl.us

How it comes up on the exam

Practice questions written from this section — answers and explanations are in the drill.

  1. Under Fla. Stat. §627.950, the office's injunctive authority regarding risk retention groups is limited in what way?
    drill Florida Statutes, Rules and Regulations Common to All Lines →
  2. Under Fla. Stat. §627.950, the office's injunctive authority regarding risk retention groups is restricted in what way?
    drill Selected Florida Statutes and Rules →

Exams that test this section