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Florida Statute 624.474 - Full Text and Legal Analysis
Florida Statute 624.474 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
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The 2025 Florida Statutes

Title XXXVII
INSURANCE
Chapter 624
INSURANCE CODE: ADMINISTRATION AND GENERAL PROVISIONS
View Entire Chapter
F.S. 624.474
624.474 Assessments.
(1) The trustees of a self-insurance fund operating as a trust, or the corporate directors of a self-insurance fund operating as a corporation, may assess from time to time members of a self-insurance fund liable therefor under the terms of their policies and pursuant to this section, or the department may assess the members in the event of liquidation of the fund.
(2) Subject to the limitations of s. 624.472(1), each member’s share of a deficiency for which an assessment is made shall be computed by applying to the premium earned on the member’s policy or policies during the period to be covered by the assessment the ratio of the total deficiency to the total premiums earned during such period upon all policies subject to the assessment. In the event one or more members fail to pay an assessment, the other members are liable on a proportionate basis for an additional assessment. The fund, acting on behalf of all members who paid the additional assessment, shall institute legal action when necessary and appropriate to recover the assessment from members who failed to pay it.
(3) In computing the earned premiums for the purposes of this section, the gross premium received by the fund for the policy shall be used as a base, deducting therefrom solely charges not recurring upon the renewal or extension of the policy.
(4) No member shall have an offset against any assessment for which she or he is liable on account of any claim for unearned premium or losses payable.
History.s. 33, ch. 86-160; s. 2, ch. 89-247; ss. 41, 188, ch. 91-108; s. 4, ch. 91-429; s. 83, ch. 93-415; s. 190, ch. 97-102.

F.S. 624.474 on Google Scholar

F.S. 624.474 on CourtListener

Amendments to 624.474


Annotations, Discussions, Cases:

Cases Citing Statute 624.474

Total Results: 1

Florida Department of Financial Services v. Tampa Service Co.

884 So. 2d 252, 2004 Fla. App. LEXIS 11823, 2004 WL 1800698

District Court of Appeal of Florida | Filed: Aug 13, 2004 | Docket: 64833465

Published

ABO, including TSC, for a deficiency under section 624.474, Florida Statutes. TSC argued below that it