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Florida Statute 629.101 | Lawyer Caselaw & Research
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F.S. 629.101 Case Law from Google Scholar Google Search for Amendments to 629.101

The 2024 Florida Statutes

Title XXXVII
INSURANCE
Chapter 629
RECIPROCAL INSURERS
View Entire Chapter
F.S. 629.101
629.101 Power of attorney.—
(1) The rights and powers of the attorney in fact of a reciprocal insurer are as provided in the power of attorney given it by the subscribers.
(2) The power of attorney must set forth all of the following:
(a) The powers of the attorney in fact.
(b) That the attorney in fact is empowered to accept service of process on behalf of the insurer in actions against the insurer upon contracts exchanged.
(c) The place where the office of the attorney in fact is maintained.
(d) The general services to be performed by the attorney in fact.
(e) That the attorney in fact has a fiduciary duty to the subscribers of the reciprocal insurer.
(f) The maximum amount to be deducted from advance premiums or deposits to be paid to the attorney in fact and the general items of expense in addition to losses to be paid by the insurer.
(g) Except as to nonassessable policies, a provision for a contingent several liability of each subscriber in a specified amount, which amount may not be less than 5 nor more than 10 times the premium or premium deposit stated in the policy.
(3) The power of attorney may:
(a) Provide for the right of substitution of the attorney in fact and revocation of the power of attorney and rights thereunder.
(b) Impose such restrictions upon the exercise of the power as are agreed upon by the subscribers.
(c) Provide for the exercise of any right reserved to the subscribers directly or through their advisory committee.
(4) The power of attorney must contain other lawful provisions deemed advisable.
(5) The terms of any power of attorney or agreement collateral thereto must be reasonable and equitable, and such power or agreement may not be used or be effective in this state unless filed with the office.
History.—s. 680, 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. 673, 681, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1317, ch. 2003-261; s. 18, ch. 2024-182.

F.S. 629.101 on Google Scholar

F.S. 629.101 on Casetext

Amendments to 629.101


Arrestable Offenses / Crimes under Fla. Stat. 629.101
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 629.101.

Annotations, Discussions, Cases:

Cases Citing Statute 629.101

Total Results: 3

City of Tampa v. Carolina Freight Carriers Corp.

Court: Fla. Dist. Ct. App. | Date Filed: 1988-07-29T00:53:00-07:00

Citation: 529 So. 2d 324

Snippet: Commonwealth Edison v. Montana, 453 U.S. 609, 629, 101 S.Ct 2946, 2959, 69 L.Ed.2d 884, 902 (1981). In

Ago

Court: Fla. Att'y Gen. | Date Filed: 1977-10-25T00:53:00-07:00

Snippet: Sections 629.011, 629.021, 629.061, 629.081, and 629.101, F. S. The statement of facts submitted in your…the expenditure may be maintained pursuant to s. 629.101, F. S., which provides, inter alia, that the subscribers

Brooksville Abstract Co. v. Kirk

Court: Fla. | Date Filed: 1931-04-14T00:00:00-08:00

Citation: 133 So. 629, 101 Fla. 175

Snippet: Ellis, Terrell, Brown, Davis 14 April 1931 133 So. 629, 101 Fla. 175 Herbert Smithson, for Appellant;