Florida orders Texas surety insurer to stop selling in state

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Infinity Surety, a Saginaw, Texas-based surety insurance provider, was ordered to stop selling bonds in Florida they were not authorized to transact the business in the state, according to state records.

The Florida Office of Insurance Regulation issued the cease and desist order to the firm and its president, George D. Black, records show.

In April, state regulators issued an initial order accusing the insurance company and its president of not being granted a certificate of authority or license to sell as a surety company in the state, records show. They did not defend themselves against the charges, regulators said.

The company was found to have sold more than $2 million worth of bonds in the state, investigators say.

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