Florida Statute 624.83 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 624
INSURANCE CODE: ADMINISTRATION AND GENERAL PROVISIONS

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F.S. 624.83

624.83 Prohibited acts during period of supervision.—The office may provide that the insurer may not conduct the following activities during the period of supervision, without prior approval by the office:

(1) Dispose of, convey, or encumber any of its assets or its business in force;

(2) Withdraw any of its bank accounts;

(3) Lend any of its funds;

(4) Invest any of its funds;

(5) Transfer any of its property;

(6) Incur any debt, obligation, or liability;

(7) Merge or consolidate with another company;

(8) Enter into any new reinsurance contract or treaty;

(9) Terminate, surrender, forfeit, convert, or lapse any insurance policy, certificate, or contract of insurance, except for nonpayment of premiums due;

(10) Release, pay, or refund premium deposits, accrued cash or loan values, unearned premiums, or other reserves on any insurance policy or certificate; or

(11) Make any material change in management.

History.—ss. 71, 72, ch. 89-360; s. 4, ch. 91-429; s. 859, ch. 2003-261.

F.S. 624.83 on Google Scholar

F.S. 624.83 on Casetext

Amendments to 624.83

Arrestable Offenses / Crimes under Fla. Stat. 624.83

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 624.83.

Annotations, Discussions, Cases:

Cases Citing Statute 624.83

Total Results: 2

Dussich v. Dussich

Court: Fla. Dist. Ct. App. | Date Filed: 1984-05-02T00:00:00-07:00

Citation: 449 So. 2d 395

Snippet: Jr., Associate Judge, concur. Nos. 83-624, 83-1118 District Court of Appeal of Florida fladistctapp

Revell v. Crews

Court: Fla. Dist. Ct. App. | Date Filed: 1957-10-04T00:00:00-08:00

Citation: 97 So. 2d 336

Snippet: unavailing. Revell alleges a net balance of $59,624.83 exists to be divided between him and Crews based…65,000.00 Net balance to be divided Total 82,629.78 59,624.83 It is obvious from the initial order of the court