FLOIR definition
Examples of FLOIR in a sentence
Accordingly, and not in limitation of the preceding sentence, Buyer shall promptly file, after the execution of this Second Amendment, at its expense, an application to acquire control of the Company with the Florida Office of Insurance Regulation (“FLOIR”), and shall provide a copy of the completed application to Seller at least two (2) Business Days prior to filing the application with the FLOIR.
In that event, Subscriber shall promptly notify the Company thereof and promptly provide all information required for any notification or filings with all applicable insurance regulatory authorities with respect to the Transaction, including but not limited to, the FLOIR and the TDI.
APLIC and CLIC have made the filings for the APLIC-CLIC Merger required under applicable Florida Law with the FLOIR to obtain the FLOIR’s approval of the APLIC-CLIC Merger and applicable Texas Law with the TDI to obtain the TDI’s approval of the APLIC-CLIC Merger (together, the “APLIC-CLIC Merger Approval”).
Premium rates shall be pooled across all employer groups in the State of Florida and shall not change unless the rates for the pool of business changes, in which case the new rates for County and Participants shall be the same as for the pool of business as approved by the Florida Office of Insurance Regulation (FLOIR).
In addition, prior to Closing Seller will continue to timely file all required statutory statements with the GDOI, and after Closing, Buyer will timely file all required statutory statements with the FLOIR.
Seller shall also promptly file applications with the GDOI and FLOIR to convert the Company’s state of domicile from Georgia to Florida (the “Redomestication”), with such Redomestication being conditioned upon and not effective unless and until the consummation of the transactions contemplated by this Agreement.
The Seller Parties have made available to Buyer complete and correct copies of the filings made with the CADOI, FLOIR, and TDI for the Merger Approvals.