Florida Statutes Part III - Administration Of Deposits (Ss. 625.50-625.63)

• 625.50 - Authorized Deposits Of Insurers And Agents.
  The following deposits of insurers and agents when made through the department shall be accepted and held and shall be subject to the provisions of...
• 625.51 - Purpose Of Deposit.
  Such deposits shall be held for the following purposes:(1) Deposits made in this state under ss. 624.411 and 624.412 shall be held for the purposes stated...
• 625.52 - Securities Eligible For Deposit.
  (1) All deposits by insurers and agents required for authority to transact insurance in this state must be limited to the following types:(a) Cash delivered to the...
• 625.53 - Depository.
  (1) Except as provided in s. 625.55, all deposits made in this state under this code shall be made with the department. The department shall take,...
• 625.55 - Custodial Arrangements.
  (1) In lieu of a deposit being made with it in fact, the department in its discretion may permit or require that the deposit be made...
• 625.56 - Registration, Conveyance Of Assets Or Securities.
  (1) The insurer shall duly register in the name of the Chief Financial Officer all securities being deposited with the department under this code which are...
• 625.57 - Appraisal.
  The office or department may, in its discretion, prior to acceptance for deposit of any particular asset or security, or at any time thereafter while...
• 625.58 - Excess And Deficit Deposits.
  (1) If securities or assets deposited by an insurer under this part are subject to material fluctuations in market value, the office or department may, in...
• 625.59 - Rights Of Insurer During Solvency.
  So long as the insurer remains solvent and is in compliance with this code, it may:(1) Demand, receive, sue for, and recover the income from the...
• 625.60 - Levy Upon Deposit.
  No judgment creditor or other claimant of an insurer shall have the right to levy upon any of the assets or securities held in this...
• 625.62 - Duration And Release Of Deposit.
  (1)(a) Every certificate of deposit filed and every deposit made in this state by an insurer, prior to or pursuant to this code, made voluntarily or...
• 625.63 - Proofs For Release Of Deposit.
  (1) Before authorizing the release of any deposit or excess portion thereof to the insurer, as provided in s. 625.62, the office or department shall require...

Last modified: September 23, 2016