Florida Statutes Title XXXVII Chapter 630 - Alien Insurers: Trusteed Assets; Domestication

• 630.011 - Scope Of Chapter.
  This chapter applies only to the trusteed assets of an alien insurer using Florida as a state of entry for transaction of insurance in the...
• 630.021 - Required Deposit Of Assets.
  (1) An alien insurer may use Florida as a state of entry to transact insurance in the United States by making and maintaining in this state...
• 630.031 - Existing Trusts.
  All trusts of trusteed assets heretofore created and now existing shall be continued under the instruments creating them, unless inconsistent with the provisions of this...
• 630.041 - Purpose And Duration.
  The deposit required by s. 630.021 shall be for the benefit, security, and protection of the policyholders, or policyholders and creditors, of the insurer in...
• 630.051 - Trust Agreement; Approval; Amendment.
  (1) The deposit referred to in s. 630.021 shall be made under a written trust agreement between the insurer and the trustee, consistent with the provisions...
• 630.061 - Authority To Execute Trust Agreement.
  An alien insurer proposing to use Florida as a state of entry to transact business of insurance in the United States, whether or not it...
• 630.071 - Requirements And Contents Of Trust Agreement.
  Trusteed assets of an alien insurer held in this state under this chapter shall be subject to, and the trust agreement shall make provisions consistent...
• 630.081 - Withdrawal Of Assets, In General.
  (1) The trust agreement shall provide, in substance, that no withdrawals of trusteed assets shall be made by the insurer or permitted by the trustee or...
• 630.091 - Statement Of Trustee.
  (1) The trustee or trustees of trusteed assets shall from time to time file with the office statements, in such form as it may designate and...
• 630.101 - Examination Of Assets.
  The office may from time to time examine trusteed assets of any insurer in accordance with the same conditions and procedures governing the examination of...
• 630.111 - Canadian Insurers.
  The provisions of this chapter applicable to a United States manager shall, in the case of insurers domiciled in Canada, be deemed to refer to...
• 630.121 - Domestication Of Alien Insurer; Definitions.
  (1) “Domestication” as used in ss. 630.131-630.161 means the reorganization of the United States branch of an alien insurer as the result of which a domestic...
• 630.131 - Domestication Procedure.
  (1) Upon compliance with ss. 630.131-630.161, any alien insurer authorized to do business in this state which owns beneficially, directly or indirectly, all of the outstanding...
• 630.141 - Domestication Agreement; Authorization; Execution.
  (1) The domestication agreement referred to in s. 630.131 shall be authorized, adopted, approved, signed, and acknowledged by the alien insurer in accordance with the laws...
• 630.151 - Office Approval Of Domestication Agreement.
  An executed counterpart of the domestication agreement, together with certified copies of the corporate proceedings of the domestic insurer and the alien insurer, approving, adopting,...
• 630.161 - Consummation Of Domestication; Transfer Of Assets And Deposits.
  (1) Upon the filing with the office of a certified copy of the instrument of transfer and assumption pursuant to which a domestic insurer succeeds to...

Last modified: September 23, 2016