“Surety insurance” defined.
F.S. 624.606
in effect(1)
“Surety insurance” includes:
(a)
A contract bond, including a bid, payment, or maintenance bond, or a performance bond, which guarantees the execution of a contract other than a contract of indebtedness or other monetary obligation;
(b)
An indemnity bond for the benefit of a public body, railroad, or charitable organization or a lost security or utility payment bond;
(c)
Becoming surety on, or guaranteeing the performance of, any lawful contract where the bond is guaranteeing the execution of a contract other than a contract of indebtedness or other monetary obligation;
(d)
Becoming surety on, or guaranteeing the performance of, bonds and undertakings required or permitted in a judicial proceeding or otherwise allowed by law, including surety bonds accepted by states and municipal authorities in lieu of deposits as security for the performance of insurance contracts;
(e)
Fidelity insurance as defined in s. 624.6065 for the purposes of the Florida Insurance Code other than part XX of chapter 627; or
(f)
Residual value insurance as defined in s. 624.6081.
(2)
“Surety insurance” does not include:
(a)
Mortgage guaranty insurance, as defined in s. 635.011;
(b)
Financial guaranty insurance, as defined in s. 627.971; or
(c)
Any reinsurance contract authorized pursuant to s. 624.610.
Source: FL Statutes (Official Site)URL: https://www.flsenate.gov/Laws/Statutes/2025/Chapter624/AllFetched: 7/8/2026