624.606
“Surety insurance” defined.
Find cases:
SyfertCases citing this section
FL-LEGleg.state.fl.us
JustiaFla. Statutes
CornellLII Search
CasesGoogle Scholar
624.606 “Surety insurance” defined.—
(1) “Surety insurance” includes:
(a) A contract bond, including a bid, payment, or maintenance bond, or a performance bond, which guarantees the execution of a contract other than a contract of indebtedness or other monetary obligation;
(b) An indemnity bond for the benefit of a public body, railroad, or charitable organization or a lost security or utility payment bond;
(c) Becoming surety on, or guaranteeing the performance of, any lawful contract where the bond is guaranteeing the execution of a contract other than a contract of indebtedness or other monetary obligation;
(d) Becoming surety on, or guaranteeing the performance of, bonds and undertakings required or permitted in a judicial proceeding or otherwise allowed by law, including surety bonds accepted by states and municipal authorities in lieu of deposits as security for the performance of insurance contracts;
(e) Fidelity insurance as defined in s. 624.6065 for the purposes of the Florida Insurance Code other than part XX of chapter 627; or
(f) Residual value insurance as defined in s. 624.6081.
History.—s. 104, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 86, 809(1st), ch. 82-243; s. 3, ch. 88-87; ss. 184, 187, 188, ch. 91-108; s. 1, ch. 91-110; s. 4, ch. 91-429; s. 17, ch. 95-211.
Notes of Decisions
Cited in 3
cases, 1981–2006 · leading case: DADELAND DEPOT. v. St. Paul Fire and Marine
DADELAND DEPOT. v. St. Paul Fire and Marine (2006)
“" See § 624.606(1)(a), Fla. Stat. (1999). On consideration of the initial motion to dismiss, the trial court here reasoned "that the language in the statute is not ambiguous, nor unclear" in concluding that the statute afforded a basis for a bad faith action in this context.”
Shannon R. Ginn Construction Co. v. Reliance Insurance (1999)
“” § 624.606, Fla.Stat. (1997). The inclusion of surety and surety insurance in its insurance code is strong evidence that Florida intended to hold surety insurers to the same standards as ordinary insurers.”
Financial Indem. Co. v. Steele & Sons, Inc. (1981)
“" Section 624.606(2), Florida Statutes (1979), defines "surety insurance" as, inter alia, "[i]nsurance guaranteeing the performance of contracts, .”
— 624.606(1)(a) — 1 case
DADELAND DEPOT. v. St. Paul Fire and Marine (2006)
“" See § 624.606(1)(a), Fla. Stat. (1999). On consideration of the initial motion to dismiss, the trial court here reasoned "that the language in the statute is not ambiguous, nor unclear" in concluding that the statute afforded a basis for a bad faith action in this context.”
— 624.606(2) — 1 case
Financial Indem. Co. v. Steele & Sons, Inc. (1981)
“" Section 624.606(2), Florida Statutes (1979), defines "surety insurance" as, inter alia, "[i]nsurance guaranteeing the performance of contracts, .”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.