by Jack McDermott and Brittany Benner
April 09, 2010
TALLAHASSEE, Fla. – Surety insurance involves a bond that guarantees the performance of a contract – most often related to construction projects.Insurance Commissioner Kevin McCarty announced the Florida Office of Insurance Regulation (Office) has issued two separate cease and desist orders to companies for selling unauthorized surety insurance.
The Office has issued an order to Infinity Surety Company, Infinity Surety Agency (collectively referred to as “Infinity” hereinafter) and its president George D. Black, Sr. (“Black”) with home offices in Saginaw, Texas, for selling unauthorized insurance products. A separate order has been issued to Morris C. Sears (“Sears”) doing business as Abba Bonding (“ABBA”) with home offices in Lillian, Alabama, also for selling unauthorized insurance products.
The Florida Office of Insurance Regulation (Office) has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets.
Soreide Law Group will represent you in front of the Florida Office of Insurance Regulation. To speak to a lawyer regarding licensing issues please call: (888) 760-6552, or visit our website at: www.floridaprofessionallicense.com.