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Florida Statute 629.261 - Full Text and Legal Analysis Florida Statute 629.261 | Lawyer Caselaw & Research
Fla. Stat. § 629.261 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
629.261 Nonassessable policies.—Upon the impairment of the surplus of a nonassessable reciprocal insurer, the office shall revoke the authorization issued under s. 629.091(3) or s. 629.291(5). Upon the revocation of the authority to issue nonassessable policies, the reciprocal insurer may no longer issue or renew nonassessable policies or convert assessable policies to nonassessable policies and s. 629.301 applies. Such revocation may not render subject to contingent liability any policy then in force and for the remainder of the period for which the premium has theretofore been paid; but, after such revocation, no policy shall be issued or renewed without providing for contingent assessment liability of the subscriber.
History.—s. 696, 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. 681, 809(1st), ch. 82-243; ss. 79, 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1325, ch. 2003-261; s. 22, ch. 2024-182.

Cases Citing F.S. 629.261

Fla. Stat. § 629.261 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
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Ago (Fla. Att'y Gen. 1977).

Published | Florida Attorney General Reports

insurer under s. 624.408. (Emphasis supplied.) Section 629.261 allows a reciprocal insurer to issue nonassessable

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