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DEALERS INS. v. CENTENNIAL CAS. CO.

No. 93-1704.

644 So.2d 571 (1994)

DEALERS INSURANCE COMPANY, INC., Appellant, v. CENTENNIAL CASUALTY COMPANY, et al., Appellee.

District Court of Appeal of Florida, Fifth District.

Rehearing Denied November 9, 1994.

Attorney(s) appearing for the Case

Wm. Patrick Fulford and Curtis L. Brown, Wright, Fulford, Moorhead & Wittek, P.A., Orlando, and Alan C. Sundberg and F. Townsend Hawkes, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Tallahassee, for appellant.

Charles R. Stepter, Jr. and David S. McDonald, Fishback, Dominick, Bennett, Stepter, Ardaman & Bonus, Orlando, for appellee.

GRIFFIN, Judge.

This is the appeal of a final judgment awarding recovery under a statutory motor vehicle dealer bond. We affirm in part and reverse in part.

In Florida, motor vehicle dealer bonds are governed by section 320.27(10), Florida Statutes, which makes the posting of such a bond [by a motor vehicle dealer] mandatory as a condition of annual licensure. This oftamended statute, which has been on the books since 1958 and which was last amended in 1985...

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