FL S0548

Increases the limit of risk a title insurer may assume from one-half of its surplus as to policyholders to the full amount of its surplus

Requires any risk exceeding the surplus limit to be simultaneously reinsured with authorized insurers or reinsurers permitted under s. 624.610

Clarifies that title insurers may cede portions of total risk to authorized insurers or qualifying reinsurers without violating the risk limitation

Effective date of July 1, 2016