Florida Statute 630.051 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 630
ALIEN INSURERS: TRUSTEED ASSETS; DOMESTICATION

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F.S. 630.051

630.051 Trust agreement; approval; amendment.—

(1) The deposit referred to in s. 630.021 shall be made under a written trust agreement between the insurer and the trustee, consistent with the provisions of this chapter; and the agreement and any amendments thereto shall be authenticated in such form and manner as the office may designate or approve.

(2) The agreement shall not be effective until filed with and approved in writing by the office. If the office finds that the trust agreement is sufficient in form and in conformity with law, that the trustee or trustees are eligible as such, and that the trust agreement is adequate to protect the interests of the beneficiaries of the trust, it shall give its written approval thereof. If the office finds that any of the above-mentioned requisites do not exist, it shall refuse to approve the trust agreement.

(3) If after a trust agreement has become effective the office finds that the requisites for approval of the agreement no longer exist, it may withdraw its approval.

(4) A trust agreement may be amended, but no amendment shall be effective unless the agreement as so amended is found by the office to be consistent with the provisions of this chapter and the amendment is approved by it.

History.—s. 705, ch. 59-205; ss. 13, 35, ch. 69-106; s. 21, ch. 78-95; s. 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1333, ch. 2003-261.

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Amendments to 630.051

Arrestable Offenses / Crimes under Fla. Stat. 630.051

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 630.051.

Annotations, Discussions, Cases:

Cases Citing Statute 630.051

Total Results: 4

Pijuan v. Bank of America

Court: District Court of Appeal of Florida | Date Filed: 2018-08-08

Citation: 253 So. 3d 112

Snippet: payment was adjusted down from $2,050.00 to $1,630.51, effective with the payment due on May 1, 2009

Allie v. Ionata

Court: District Court of Appeal of Florida | Date Filed: 1985-02-07

Citation: 466 So. 2d 1108, 10 Fla. L. Weekly 316

Snippet: 2d 874 (Wyo.Sup.Ct. 1974); Annot., 1 A.L.R.2d 630; 51 Am.Jur.2d Limitation of Actions § 77. Therefore

Horace Mann Insurance Company v. DeMirza

Court: District Court of Appeal of Florida | Date Filed: 1975-04-22

Citation: 312 So. 2d 501, 1975 Fla. App. LEXIS 14982

Snippet: 2d 874 (Wyo.Sup.Ct. 1974); Annot., 1 A.L.R.2d 630; 51 Am.Jur.2d Limitation of Actions § 77. Therefore

Walker v. Walker

Court: Supreme Court of Florida | Date Filed: 1912-06-15

Citation: 64 Fla. 536

Snippet: divorce on that ground. Hunt v. Hunt, 61 Fla. 630, 51 South. Rep. 390. At the hearing the defendant did