(1) The surety company is licensed to do business in the State of Florida;
(2) The surety company holds a certificate of authority authorizing it to write surety bonds in this state;
(3) The surety company has twice the minimum surplus and capital required by the Florida Insurance Code at the time the invitation to bid is issued;
(4) The surety company is otherwise in compliance with the provisions of the Florida Insurance Code; and
(5) The surety company holds a currently valid certificate of authority issued by the United States Department of the Treasury under 31 U.S.C. ss. 9304-9308.
History.—s. 29, ch. 85-104; s. 10, ch. 91-162.