The operating procedures of Florida's homeowners' insurer of last resort, which exclude nonresident agents from placing business with it, are being challenged by an agents group.
In a statement, the Council of Insurance Agents & Brokers said it sent a letter yesterday to Citizens Property Insurance Corp. challenging the constitutionality of arrangements that keep nonresident agents from doing business with it.
The Washington, D.C.-based association said Citizens does not have a mechanism in place to allow nonadmitted agents to place business with the company. By only allowing resident agents to do business with Citizen's, the company is imposing countersignature regulations, which were found to be unconstitutional.
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