Which of the following is a requirement for non-admitted alien insurers by the IID?

Non-admitted alien insurers must adhere to specific requirements set by the Florida Office of Insurance Regulation, often referred to as the IID (Insurance Industry Division). One of the critical requirements is the establishment of trust fund deposits. This requirement helps ensure that non-admitted alien insurers maintain financial integrity and can meet their obligations to policyholders. The trust fund serves as a safeguard, providing a measure of security that can be tapped into if needed, thus protecting Florida policyholders.

Trust fund deposits are crucial because non-admitted insurance carriers operate differently from admitted carriers, which are legally licensed to operate in the state and are subject to stricter oversight. By requiring these deposits, the IID ensures there is a financial buffer, reinforcing the insurer’s commitment to fulfilling its insurance contracts and mitigates risks associated with insuring in a state without regulatory protection.

The other options, while they may represent various practices or standards in insurance, do not directly pertain to the specific requirements for non-admitted alien insurers, thereby making trust fund deposits the correct choice in this context.