Florida Statute 628.171 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 628
STOCK AND MUTUAL INSURERS; HOLDING COMPANIES

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F.S. 628.171

628.171 Formation of mutual insurer; bond.—The incorporators of the proposed insurer shall file with the office a copy of a fidelity bond or insurance policy providing coverage in an amount equal to not less than 10 percent of the funds handled annually and issued in the name of the insurer covering its directors, employees, administrator, or other individuals managing or handling the funds or assets of the insurer. In no case may such bond or policy be less than $1,000 or more than $500,000.

History.—s. 637, 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. 647, 665, 809(1st), ch. 82-243; ss. 70, 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1266, ch. 2003-261.

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Amendments to 628.171

Arrestable Offenses / Crimes under Fla. Stat. 628.171

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 628.171.

Annotations, Discussions, Cases:

Cases Citing Statute 628.171

Total Results: 1

Re: Estate Ollie M. Woods

Court: Supreme Court of Florida | Date Filed: 1938-08-01

Citation: 183 So. 10, 133 Fla. 730, 117 A.L.R. 1202, 1938 Fla. LEXIS 1036

Snippet: Standard Life Ins. Co. v. Estate of Lovera, 125 Fla. 628, 171 So. 512. We are of the opinion that a reasonable