Florida Statute 630.021 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 630
ALIEN INSURERS: TRUSTEED ASSETS; DOMESTICATION

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F.S. 630.021

630.021 Required deposit of assets.—

(1) An alien insurer may use Florida as a state of entry to transact insurance in the United States by making and maintaining in this state a deposit of assets in trust with a solvent bank or trust company or savings and loan association approved by the office.

(2) The deposit, together with other trust deposits of the insurer held in the United States for the same purpose, shall be in amount not less than the deposits required of an alien insurer under s. 624.412 and shall consist of cash or securities eligible for the investment of the funds of domestic insurers under part II of chapter 625.

(3) Such a deposit may be referred to as “trusteed assets.”

(4) All trusteed assets shall be continuously kept within the United States.

History.—s. 702, ch. 59-205; ss. 13, 35, ch. 69-106; ss. 683, 809(1st), ch. 82-243; s. 126, ch. 83-216; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1331, ch. 2003-261.

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Amendments to 630.021

Arrestable Offenses / Crimes under Fla. Stat. 630.021

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 630.021.

Annotations, Discussions, Cases:

Cases Citing Statute 630.021

Total Results: 5

State v. Kinchen

Court: Supreme Court of Florida | Date Filed: 1985-08-30

Citation: 490 So. 2d 21, 10 Fla. L. Weekly 446

Snippet: Cir.1968), cert. denied, 393 U.S. 1021, 89 S.Ct. 630, 21 L.Ed.2d 566 (1969); Gains, 417 So.2d at 724. Although

State v. English

Court: District Court of Appeal of Florida | Date Filed: 1981-07-08

Citation: 400 So. 2d 570, 1981 Fla. App. LEXIS 20478

Snippet: Cir. 1968), cert. den., 393 U.S. 1026, 89 S.Ct. 630, 21 L.Ed. 570 (1969); Phillips v. United States, 212

State v. Bolton

Court: District Court of Appeal of Florida | Date Filed: 1980-04-23

Citation: 383 So. 2d 924

Snippet: Cir.1968), cert. den. 393 U.S. 1021, 89 S.Ct. 630, 21 L.Ed.2d 566 (1969). The remark here made does not

Wilds v. State

Court: Supreme Court of Florida | Date Filed: 1920-04-24

Citation: 79 Fla. 575, 84 So. 664

Snippet: Anheuser-Busch Brewing Assn. v. McGowan, 49 La. 630, 21 South. Rep. 766; Estate of Newman, 75 Cal. 213

Murrell v. Peterson

Court: Supreme Court of Florida | Date Filed: 1909-01-15

Citation: 57 Fla. 480

Snippet: South. Rep. 386; McDonald v. Pearson, 114 Ala. 630, 21 South. Rep. 534; Lamar & Rankin Drug Co. v. Jones