Florida Statutes Part III - Mutual Insurance Holding Companies (Ss. 628.701-628.733)
- 628.701 - Scope.
This part applies only to domestic mutual insurance holding companies.History.—s. 1, ch. 97-216.
- 628.703 - Definitions.
For purposes of this part:(1) “Intermediate holding company” means:(a) A holding company that is a subsidiary of a mutual insurance holding company, and which directly or through...
- 628.705 - Prohibition Of Stock Transfers.
(1) The voting shares of the capital stock of a subsidiary insurance company, which are required by this part in order to maintain a majority of...
- 628.707 - Applicability Of General Corporation Statutes.
The applicable statutes of this state relating to the powers and procedures of domestic private corporations formed for profit shall apply to domestic mutual insurance...
- 628.709 - Formation Of A Mutual Insurance Holding Company.
(1) A domestic mutual insurance company, other than a mutual insurer that issued assessable policies as a mutual insurer and which held a certificate of authority...
- 628.711 - Plan Of Reorganization.
(1) A plan of reorganization shall include the following provisions:(a) A description of the structure of the mutual insurance holding company system consistent with the requirements therefor...
- 628.713 - Dividends.
A mutual insurance holding company shall not be authorized to pay dividends or make distributions to mutual insurance holding company members except as may be...
- 628.715 - Merger And Acquisitions.
Subject to applicable requirements of this chapter, a mutual insurance holding company may:(1)(a) Merge or consolidate with, or acquire the assets of, a mutual insurance holding...
- 628.717 - Filing Of Articles Of Incorporation.
(1) No mutual insurance holding company shall be formed unless its articles of incorporation are approved by the office prior to filing the same with and...
- 628.719 - Amendment Of Articles Of Incorporation.
(1) A domestic mutual insurance holding company may amend its articles of incorporation by vote of a majority of those members present or represented by proxy...
- 628.721 - Bylaws.
(1) The initial board of directors of a mutual insurance holding company shall adopt original bylaws, subject to the approval of the company’s members at the...
- 628.723 - Directors.
(1) The affairs of every mutual insurance holding company shall be managed by not less than five directors.(2) Directors must be elected by the members of the...
- 628.725 - Notice Of Change Of Director Or Officer.
A mutual insurance holding company shall give the office written notice of any change of personnel among the directors or principal officers of the mutual...
- 628.727 - Membership.
(1) Membership in a mutual insurance holding company shall be determined in accordance with the mutual insurance holding company’s articles of incorporation and bylaws and be...
- 628.729 - Member’s Share Of Assets On Voluntary Dissolution.
(1) Upon any voluntary dissolution of a domestic mutual insurance holding company, its assets remaining after discharge of its indebtedness, if any, and expenses of administration,...
- 628.730 - Merger With Intermediate Holding Company.
(1) A mutual insurance holding company may, pursuant to a plan and agreement of merger approved by the office, in accordance with s. 628.715(2)(b), merge into...
- 628.731 - Application Of Holding Company Statutes And Regulations.
Each reorganized subsidiary insurance company shall be subject to the applicable laws and rules of this state relating to insurance holding company systems. A mutual...
- 628.733 - Converting Mutual Insurance Holding Company.
(1) A mutual insurance holding company may become a stock holding company under such plan and procedure as may be approved by the office.(2) The office shall...
Last modified: September 23, 2016