Florida Statute 624.474 | Lawyer Caselaw & Research

The 2024 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 Casetext

Amendments to 624.474

Arrestable Offenses / Crimes under Fla. Stat. 624.474

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 624.474.

Annotations, Discussions, Cases:

Cases Citing Statute 624.474

Total Results: 2

Florida Department of Financial Services v. Tampa Service Co.

Court: Fla. Dist. Ct. App. | Date Filed: 2004-08-13T00:00:00-07:00

Citation: 884 So. 2d 252, 2004 Fla. App. LEXIS 11823

Snippet: including TSC, for a deficiency under section 624.474, Florida Statutes. TSC argued below that it was…member” of ABO, as that term is used in sections 624.474 and 624.476, Florida Statutes. Receiver did not…subject to statutory assessments under sections 624.474 and 624.476. Receiver’s response to the request

Super Transport, Inc. v. Florida Department of Insurance

Court: Fla. Dist. Ct. App. | Date Filed: 2001-10-02T00:00:00-07:00

Citation: 799 So. 2d 286, 2001 Fla. App. LEXIS 13728

Snippet: any necessary assessments pursuant to sections 624.474, 624.476, Florida Statutes, and utilize the assessment