Florida Statutes 627.947 – Purchasing groups; exemption from certain insurer provisions
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 627.947
- Liability: means legal liability for damages, including costs of defense, legal costs and fees, and other claims expenses, because of injuries to other persons, damage to their property, or other damage or loss to such other persons resulting from or arising out of:(a) Any business, whether for profit or nonprofit, trade, product, services (including professional services), premises, or operations; or(b) Any activity of any state or local government, or any agency or political subdivision thereof. See Florida Statutes 627.942
- Purchasing group: means any group which:
(a) Has as one of its purposes the purchase of liability insurance on a group basis. See Florida Statutes 627.942- State: means any state of the United States or the District of Columbia. See Florida Statutes 627.942
Any purchasing group meeting the criteria established under the provisions of the federal Liability Risk Retention Act of 1986 shall be exempt from any law of this state relating to the creation of groups for the purchase of insurance or to prohibition of group purchasing or to any law that would discriminate against a purchasing group or its members. In addition, an insurer shall be exempt from any law of this state which prohibits providing, or offering to provide, to a purchasing group or its members advantages based on their loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages, or other matters. A purchasing group shall be subject to all other applicable laws of this state, including the provisions of the Florida Insurance Code not in conflict with the purposes of this part or with the provisions of the federal Liability Risk Retention Act of 1986.