Florida Statute 625.53 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 625
ACCOUNTING, INVESTMENTS, AND DEPOSITS BY INSURERS

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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.

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Amendments to 625.53

Arrestable Offenses / Crimes under Fla. Stat. 625.53

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 625.53.

Annotations, Discussions, Cases:

Cases Citing Statute 625.53

Total Results: 3

Taylor v. Taylor

Court: Fla. Dist. Ct. App. | Date Filed: 2015-12-18T00:00:00-08:00

Citation: 183 So. 3d 1121, 2015 Fla. App. LEXIS 18962, 2015 WL 9239747

Snippet: judgment specifically ordered husband “to pay $1,625.53 per month directly to [Wife] from his retirement

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

Court: Fla. Dist. Ct. App. | Date Filed: 1979-08-09T00:00:00-07:00

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

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

State ex rel. Attorney General v. Hilburn

Court: Fla. | Date Filed: 1915-07-09T00:00:00-08:00

Citation: 70 Fla. 55, 69 So. 784

Snippet: 53 S. W. Rep. 134; State v. Lindsay, 103 Tenn. 625, 53 S. W. Rep. 950. But a court created by the constitution