TALLAHASSEE, Fla. – Insurance Commissioner Kevin McCarty announced the Florida Office of Insurance Regulation (Office) has issued a Final Order to Cease and Disist to Infinity Surety (Infinity) of Saginaw, Texas, and its president, George D. Black, for selling unauthorized surety insurance in Florida.  This information was announced on June 17, 2010 on the Florida Office of Insurance Regulation’s website.

 

It was announced that on April 8, 2010, the Office issued an initial Order to Infinity and its then president George D. Black, Sr. (“Black Sr.”). Neither Infinity nor Black Sr. challenged or contested the Office’s initial order, which precipitated the Office’s issuance of a final order. 

 

The office investigators determined Infinity has never been granted a certificate of authority or license to transact insurance as a surety company in Florida. The investigators discovered Infinity offered and sold more than two million dollars worth of bonds to Florida contractors for business transactions with cities, counties, and municipalities across the state. Surety insurance involves a bond that guarantees the performance of a contract – most often related to construction projects.