{"data":{"id":"us-fl/fla.-stat.-626.8809","jurisdiction":"us-fl","citation":"Fla. Stat. § 626.8809","heading":"Fidelity bond.","body":"An administrator shall have and keep in full force and effect a fidelity bond equal to at least 10 percent of the amount of the funds handled or managed annually by the administrator. However, the office may not require a bond greater than $500,000 unless the office, after due notice to all interested parties and opportunity for hearing and after consideration of the record, requires an amount in excess of $500,000 but not more than 10 percent of the amount of the funds handled or managed annually by the administrator.\nHistory.—ss. 29, 64, ch. 88-166; ss. 206, 207, ch. 90-363; s. 4, ch. 91-429; s. 997, ch. 2003-261.","path":["CHAPTER 626 INSURANCE FIELD REPRESENTATIVES AND OPERATIONS"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0626/0626.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:10:47Z","sha256":"903333ca97b38fe5412f66bf6dcaa967abaef0c6fbe23a3c909d8e02950ac4c8","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-626.8805","next":"us-fl/fla.-stat.-626.8814"},"notice":"GroundRules: Original legal text. Not legal advice."}