Florida Statutes Title XXXVII Chapter 635 - Mortgage Guaranty Insurance

• 635.011 - Definitions.
  As used in this chapter, the term:(1) “Mortgage guaranty insurance” means a form of casualty insurance insuring lenders against:(a) Financial loss by reason of nonpayment of principal,...
• 635.021 - Authority To Transact Mortgage Guaranty Insurance.
  Mortgage guaranty insurance may be transacted by a stock casualty insurer or a stock surety insurer holding a certificate of authority for the transaction of...
• 635.031 - Additional Limitations.
  In addition to laws otherwise applicable, mortgage guaranty insurers are subject to the following limitations:(1) No such insurer may retain risk as to any one subject...
• 635.041 - Contingency Reserve.
  (1) Each mortgage guaranty insurer shall establish and maintain as a liability a contingency reserve out of earned premiums remaining after establishment of the unearned premium...
• 635.042 - Minimum Surplus Requirement.
  (1) A mortgage guaranty insurer shall maintain a minimum surplus of not less than the greater of $4 million or 10 percent of the insurer’s total...
• 635.051 - Licensing And Appointment Of Mortgage Guaranty Insurance Agents.
  (1) Effective October 1, 2012, a person may not transact mortgage guaranty insurance unless licensed and appointed as a credit insurance agent in accordance with the...
• 635.061 - Premium Cost.
  For purposes of computing finance charges or determining whether a mortgage loan is usurious, any premium cost of mortgage guaranty insurance that is paid by...
• 635.071 - Filings, Approval Of Forms; Rate Filings.
  (1) No policy form or related form may be issued or used in this state unless it has been filed with and approved by the office...
• 635.075 - Restoration Of Property.
  Mortgage guaranty insurance policies issued for delivery in this state shall contain, as a condition precedent to payment in the event of default, a provision...
• 635.081 - Administration And Enforcement.
  The commission may adopt rules pursuant to ss. 120.536(1) and 120.54 to implement the provisions of this chapter and shall have the same powers of...
• 635.091 - Provisions Of Florida Insurance Code Applicable To Mortgage Guaranty Insurance.
  The following provisions of the Florida Insurance Code apply to mortgage guaranty insurers: chapter 624; chapter 625; parts I, II, VIII, and X of chapter...

Last modified: September 23, 2016