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.

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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: District Court of Appeal of Florida | Date Filed: 1984-05-02

Citation: 449 So. 2d 395, 1984 Fla. App. LEXIS 13148

Snippet: PER CURIAM. In this consolidated appeal, the wife, through counsel, contests an order abating the dissolution proceeding and an order denying her counsel’s motion for attorney’s fees and costs. We affirm in part, reverse in part and remand with instructions. Mrs. Dussich disappeared in early 1982, about a year after her husband had filed for divorce. Thereafter, Mr. Dussich moved for and received an order abating his temporary alimony obligation and staying all proceedings for six months. In February

Revell v. Crews

Court: District Court of Appeal of Florida | Date Filed: 1957-10-04

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