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Florida Statute 625.53 - Full Text and Legal Analysis
Florida Statute 625.53 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
F.S. 625.53 Case Law from Google Scholar Google Search for Amendments to 625.53

The 2025 Florida Statutes

Title XXXVII
INSURANCE
Chapter 625
ACCOUNTING, INVESTMENTS, AND DEPOSITS BY INSURERS
View Entire Chapter
F.S. 625.53
625.53 Depository.
(1) Except as provided in s. 625.55, all deposits made in this state under this code shall be made with the department. The department shall take, receipt for, and hold in trust deposits made under this code for the purpose or purposes for which the respective deposits were so made, subject to the provisions of this part.
(2) The department shall hold all such deposits in safekeeping in the vaults located in the offices of the department.
(3) Securities or other assets deposited with or through the department under this part by a foreign or alien insurer shall not, on account of such securities or assets thus being in this state, be subject to taxation.
(4) The state shall be responsible for the safekeeping of all securities or other assets deposited with the department under this code.
History.s. 169, 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. 126, 134, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 893, ch. 2003-261.

F.S. 625.53 on Google Scholar

F.S. 625.53 on CourtListener

Amendments to 625.53


Annotations, Discussions, Cases:

Cases Citing Statute 625.53

Total Results: 1

Missouri Division of Insurance v. State ex rel. Department of Insurance

374 So. 2d 589, 1979 Fla. App. LEXIS 15415

District Court of Appeal of Florida | Filed: Aug 9, 1979 | Docket: 64571683

Published

policyholders and creditors And it is subject to Section 625.53, providing: The Department shall take, receipt