Online Sunshine Logo
Official Internet Site of the Florida Legislature
June 15, 2024
Text: 'NEW Advanced Legislative Search'
Interpreter Services for the Deaf and Hard of Hearing
Go to MyFlorida House
Go to MyFlorida House
Select Year:  
The Florida Statutes

The 2023 Florida Statutes (including Special Session C)

Chapter 631
View Entire Chapter
F.S. 631.061
631.061 Grounds for liquidation.The department may apply to the court for an order appointing it as receiver (if its appointment as receiver is not then in effect) and directing it to liquidate the business of a domestic insurer or of the United States branch of an alien insurer having trusteed assets in this state, regardless of whether or not there has been a prior order directing it to rehabilitate such insurer, upon any of the grounds specified in s. 631.051, or if such insurer:
(1) Is or is about to become insolvent.
(2) Is an insolvent insurer and has commenced or is attempting to commence voluntary liquidation or dissolution except under this code.
(3) Has not completed its organization and obtained a certificate of authority as an insurer within the time allowed therefor under any applicable law.
History.s. 722, ch. 59-205; ss. 13, 35, ch. 69-106; s. 4, ch. 70-27; s. 809(1st), ch. 82-243; s. 5, ch. 83-38; ss. 184, 187, 188, ch. 91-108; s. 4, ch. 91-429.