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Florida Statute 625.071 | Lawyer Caselaw & Research
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The 2024 Florida Statutes

Title XXXVII
INSURANCE
Chapter 625
ACCOUNTING, INVESTMENTS, AND DEPOSITS BY INSURERS
View Entire Chapter
F.S. 625.071
625.071 Special reserve for bail and judicial bonds.—In lieu of the unearned premium reserve required on surety bonds under s. 625.051, the office may require any surety insurer or limited surety insurer to set up and maintain a reserve on all bail bonds or other single-premium bonds without definite expiration date, furnished in judicial proceedings, equal to the lesser of 35 percent of the bail premiums in force or $7 per $1,000 of bail liability. Such reserve shall be reported as a liability in financial statements required to be filed with the office. Each insurer shall file a supplementary schedule showing bail premiums in force and bail liability and the associated special reserve for bail and judicial bonds with financial statements required by s. 624.424. Bail premiums in force do not include amounts retained by licensed bail bond agents or appointed managing general agents, but may not be less than 6.5 percent of the total consideration received for all bail bonds in force.
History.—s. 115, ch. 59-205; ss. 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 98, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1, ch. 2001-248; s. 869, ch. 2003-261; s. 15, ch. 2018-102.

F.S. 625.071 on Google Scholar

F.S. 625.071 on Casetext

Amendments to 625.071


Arrestable Offenses / Crimes under Fla. Stat. 625.071
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 625.071.

Annotations, Discussions, Cases:

Cases Citing Statute 625.071

Total Results: 2

Christopher v. Mungen

Court: Fla. | Date Filed: 1916-04-18T00:00:00-08:00

Citation: 71 Fla. 545, 71 So. 625, 1916 Fla. LEXIS 531

Snippet: Shackleford, Taylor, Whitfield 18 April 1916 71 So. 625, 71 Fla. 545, 1916 Fla. LEXIS 531 Bisbce & Bedell

Gracy v. Fielding

Court: Fla. | Date Filed: 1916-01-13T00:00:00-08:00

Citation: 71 Fla. 1, 70 So. 625

Snippet: Sickness, Taylor, Whitfield 13 January 1916 70 So. 625, 71 Fla. 1 Williams & Hardee, for Appellants;,