Florida Statutes Part II - Investments (Ss. 625.301-625.340)
- 625.301 - Scope Of Part.
Except as to s. 625.340, this part of this chapter shall apply only to domestic insurers and commercially domiciled insurers.History.—s. 126, ch. 59-205; s. 3,...
- 625.302 - Eligible Investments.
(1) Insurers shall invest in or lend their funds on the security of, and shall hold as invested assets, only eligible investments as prescribed in this...
- 625.303 - General Qualifications.
(1) No security or investment (other than real property and personal property acquired under s. 625.333) shall be eligible for acquisition unless it is interest-bearing or...
- 625.304 - Authorization Of Investment.
An insurer shall not make any investment or loan, other than a policy loan or annuity contract loan of a life insurer, unless the same...
- 625.305 - Diversification.
(1) Every insurer must maintain an amount equal to its entire reserve, as required under part I of this chapter, and the minimum surplus as to...
- 625.306 - Cash And Deposits.
An insurer may have funds in coin or currency of the United States on hand or on deposit in any solvent national or state bank,...
- 625.307 - United States Government Obligations.
An insurer may invest in bonds, notes, warrants, and other evidences of indebtedness which are direct obligations of the Government of the United States or...
- 625.308 - Loans Guaranteed By The United States.
(1) An insurer may invest in loans insured or guaranteed as to principal and interest by the Government of the United States, or by any agency...
- 625.309 - State And Canadian Public Obligations.
An insurer may invest in bonds, notes, warrants, and other securities not in default which are the direct obligations of any state of the United...
- 625.310 - County, Municipal, And District Obligations.
An insurer may invest in bonds, notes, warrants, and other securities not in default of any county, district, incorporated city, or school district in any...
- 625.311 - Public Improvement Bonds.
An insurer may invest in bonds, notes, certificates of indebtedness, warrants, or other evidences of indebtedness which are payable from revenues or earnings specifically pledged...
- 625.312 - Public Utility Obligations.
An insurer may invest in the bonds, notes, certificates of indebtedness, warrants, or other evidences of indebtedness which are valid obligations issued, assumed, or guaranteed...
- 625.313 - Securities Of Certain Agencies.
An insurer may invest in bonds, debentures, or other securities of the following agencies, whether or not such obligations are guaranteed by the Government of...
- 625.314 - Public Housing Obligations.
An insurer may invest in the bonds, debentures, or other securities of public housing authorities, issued under the provisions of the Act of Congress entitled...
- 625.315 - Obligations Of State Board Of Education.
An insurer may invest in bonds or motor vehicle anticipation certificates issued by the State Board of Education of Florida under authority of s. 18,...
- 625.316 - International Development Banks.
An insurer may invest in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development...
- 625.317 - Corporate Bonds And Debentures.
An insurer may invest in bonds, notes, or other interest-bearing or interest-accruing obligations of any solvent corporation organized under the laws of the United States...
- 625.318 - Religious Institution Obligations.
An insurer may invest in secured obligations of duly constituted churches and of church holding companies.History.—s. 143, ch. 59-205; s. 3, ch. 76-168; s. 1,...
- 625.319 - Equipment Trust Certificates.
An insurer may invest in equipment trust obligations or certificates adequately secured and evidencing an interest in transportation equipment, wholly or in part within the...
- 625.320 - Building And Loan Or Savings And Loan Association Accounts.
An insurer may invest in share or saving accounts of savings and loan associations or building and loan associations.History.—s. 145, ch. 59-205; s. 3, ch....
- 625.321 - Policy Loans.
A life insurer may lend to its policyholder, upon pledge of the policy as collateral security, any sum not exceeding the cash loan value of...
- 625.322 - Collateral Loans.
An insurer may invest in loans with a maturity not in excess of 12 years from the date thereof which are secured by the pledge...
- 625.323 - Ship Loans.
An insurer may invest in:(1) Bonds, notes, or other evidences of indebtedness which are secured by mortgages on barges, tugboats, ships, or other shipping vessels if...
- 625.324 - Corporate Stocks.
An insurer may invest in stocks, common or preferred, of any corporation created or existing under the laws of the United States or of any...
- 625.325 - Investments In Subsidiaries And Related Corporations.
(1) AUTHORIZATION.—Any insurer, either by itself or in cooperation with one or more persons, may organize or acquire one or more subsidiaries, subject to the limitation...
- 625.3255 - Capital Participation Instrument.
An insurer may invest in any capital participation instrument or evidence of indebtedness issued by Enterprise Florida, Inc., pursuant to the Florida Small and Minority...
- 625.326 - Foreign Investments.
An insurer authorized to transact insurance in a foreign country may have funds invested in such securities as may be required for such authority and...
- 625.3262 - State Of Israel Obligations.
An insurer may invest in bonds, notes, warrants, and other evidences of indebtedness which are direct obligations of the State of Israel or for which...
- 625.327 - Mortgage Loans.
(1) An insurer may invest any of its funds in bonds, notes, or other evidences of indebtedness which are secured by first mortgages or deeds of...
- 625.329 - Chattel Mortgages.
(1) In connection with a mortgage loan on the security of real estate designed and used primarily for residential purposes only, which mortgage loan was acquired...
- 625.330 - Special Investments By Title Insurer.
(1) In addition to other investments eligible under this part, a title insurer may invest and have invested an amount not exceeding the greater of $300,000...
- 625.331 - Special Consent Investments.
(1) After satisfying the requirements of this part, any funds of an insurer in excess of its reserves and policyholders’ surplus required to be maintained may...
- 625.332 - Prohibited Investments And Investment Underwriting.
(1) In addition to investments excluded pursuant to other provisions of this code, an insurer shall not directly or indirectly invest in or lend its funds...
- 625.333 - Real Estate, In General.
An insurer shall not directly or indirectly acquire or hold real estate except as authorized in this section.(1) An insurer may acquire and hold:(a) Land and buildings...
- 625.338 - Time Limit For Disposal Of Ineligible Property And Securities; Effect Of Failure To Dispose.
(1) Any property or securities lawfully acquired by an insurer which it could not otherwise have invested in or loaned its funds upon at the time...
- 625.340 - Investments Of Foreign Or Alien Insurers.
The investment portfolio of a foreign or alien insurer shall be as permitted by the laws of its domicile if of a quality substantially as...
Last modified: September 23, 2016