Florida/Georgia Personal Injury & Workers Compensation

You're probably overthinking it. Call a lawyer.

Call Now: 904-383-7448
Florida Statute 631.001 - Full Text and Legal Analysis
Florida Statute 631.001 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
F.S. 631.001 Case Law from Google Scholar Google Search for Amendments to 631.001

The 2025 Florida Statutes

Title XXXVII
INSURANCE
Chapter 631
INSURER INSOLVENCY; GUARANTY OF PAYMENT
View Entire Chapter
631.001 Title, construction, and purpose.
(1) This part constitutes and may be cited as the “Insurers Rehabilitation and Liquidation Act.”
(2) This part shall be liberally construed to effect the purposes of this part.
(3) The purposes of this part, which are integral elements of the regulation of the business of insurance and are of vital public interest and concern, are to:
(a) Protect the interests of policyholders, creditors, and other claimants and the public.
(b) Provide a comprehensive scheme for administering insurer receiverships.
(c) Detect any potentially dangerous condition in an insurer and promptly apply appropriate corrective measures.
(d) Implement improved methods for rehabilitating insurers, which methods involve the cooperation and management expertise of the insurance industry.
(e) Enhance the efficiency and economy of the liquidation process by clarifying the law to minimize legal uncertainty and litigation.
(f) Establish a system to equitably apportion any unavoidable loss.
(g) Administer insurer receiverships more efficiently on an interstate and international basis by facilitating cooperation between states and by extending the scope of personal jurisdiction over debtors of the insurer outside this state.
(h) Maximize recovery of assets for the benefit of the insurer’s estate; policyholders, creditors, and other claimants; and the public.
History.s. 737, ch. 59-205; s. 1, ch. 70-27; s. 1, ch. 70-439; s. 809(1st), ch. 82-243; s. 1, ch. 83-38; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 3, ch. 2002-25.
Note.Consolidation of s. 631.001 and former s. 631.211.

F.S. 631.001 on Google Scholar

F.S. 631.001 on CourtListener

Amendments to 631.001


Annotations, Discussions, Cases:

Cases Citing Statute 631.001

Total Results: 8

Am. Bonding Co. v. Coastal Metal Sales

679 So. 2d 1250, 1996 Fla. App. LEXIS 9462, 1996 WL 517155

District Court of Appeal of Florida | Filed: Sep 13, 1996 | Docket: 1665821

Cited 7 times | Published

...Thereafter, the Arizona court extended the stay indefinitely, authorizing the receiver to waive the stay on a case-by-case basis. We conclude that the receiver has not waived the stay in this action. Both Florida and Arizona have enacted versions of the UILA. See § 631.001.399, Fla.Stat....
...16, 769 P.2d 69 (1989) (honoring New Jersey stay in Nevada). In the absence of a federal bankruptcy statute covering insurance companies, there are many reasons why states have chosen to cooperate with one another concerning insurance insolvency. See, e.g., § 631.001(4), Fla....

FLORIDA INS. GUARANTY ASSOC., INC. v. State Ex Rel. Department of Insurance

400 So. 2d 813

District Court of Appeal of Florida | Filed: Jun 30, 1981 | Docket: 1677030

Cited 5 times | Published

...and punctuation. We reject also the Department's contention that its reading, which it admits would be assisted by the placing of a comma after the word "called," is more compatible with the obvious legislative intent of IRLA. The "purpose" clause, Section 631.001(4), declares that the purpose of the act is "the protection of the interests of insureds, creditors, and the public generally," through (a) Early detection of any potentially dangerous condition in an insurer and prompt application of...
...s ancillary receiver, in the marshalling and liquidation of assets of a foreign insurer, shall not conflict with the rights of the domiciliary receiver. Our interpretation of Section 631.091 is in harmony with the purposes of the act as set forth in Section 631.001(4)(a)-(d), earlier referred to, and with specific provisions of the act above discussed, as well as others....

FINANCIAL INTERN. LIFE INS. CO. OF NEW MEXICO v. Beta Trust Corp., Ltd.

405 So. 2d 306

District Court of Appeal of Florida | Filed: Nov 4, 1981 | Docket: 1703740

Cited 4 times | Published

...Dunes Towers Association, Inc., 380 So.2d 572 (Fla. 4th DCA 1980). We find that the order directing deposit of the funds into the court registry constitutes a prohibited interference with receivership assets. The Uniform Insurers Liquidation Act, adopted in both Florida and New Mexico, Section 631.001 et seq., Florida Statutes, and Article 59-6-7 et seq., New Mexico Statutes, provides that the claim against the appellant must be proved in New Mexico because no ancillary receiver has been appointed in Florida....

Sunset Com. Bk. v. Fla. Dept. of Ins.

509 So. 2d 366, 12 Fla. L. Weekly 1494

District Court of Appeal of Florida | Filed: Jun 17, 1987 | Docket: 1361758

Cited 3 times | Published

...ht to offset by application of section 631.281, Florida Statutes. Chapter 631, Florida Statutes, the Insurers Rehabilitation and Liquidation Act, is intended to effect an equitable apportionment of any unavoidable loss due to insurer insolvency. See section 631.001(4)(d), Florida Statutes....

Sabato v. Florida Department of Insurance

768 F. Supp. 1562, 1991 U.S. Dist. LEXIS 10844, 1991 WL 152818

District Court, S.D. Florida | Filed: Jun 28, 1991 | Docket: 2265947

Cited 1 times | Published

...Its purpose is to protect the interests of insureds, creditors, and the public generally through "[e]nhanced efficiency and economy of liquidation through clarification and specification of the law to minimize legal uncertainty and litigation." Fla.Stat. § 631.001(4) (1989). The Act "shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which in substance and effect enact [the Act]." Id. at § 631.001(5)....
...ngs and related state court actions. [9] It is therefore ORDERED and ADJUDGED as follows: 1. The Motion (DE 4) is GRANTED. 2. This action is DISMISSED. 3. The Clerk of the Court is directed to close this file. DONE and ORDERED. NOTES [1] Fla.Stat. §§ 631.001-631.399 (1989)....

Lidsky v. Florida Department of Insurance

643 So. 2d 631, 1994 Fla. App. LEXIS 8785, 1994 WL 496879

District Court of Appeal of Florida | Filed: Sep 14, 1994 | Docket: 64751418

Published

insureds, creditors, and the public generally_” See § 631.001(4). To achieve this purpose, the legislative scheme

Hartnett v. Southern American Fire Insurance Co.

495 So. 2d 902, 11 Fla. L. Weekly 2149, 1986 Fla. App. LEXIS 10131

District Court of Appeal of Florida | Filed: Oct 14, 1986 | Docket: 64622238

Published

appear at the hearing. Section 631.181(4). Section 631.001(4) provides that the purpose of the act “is

Hartnett v. SOUTHERN A. FIRE INS. CO.

495 So. 2d 902, 11 Fla. L. Weekly 2149

District Court of Appeal of Florida | Filed: Oct 14, 1986 | Docket: 1727912

Published

...ourt. The court thereafter conducts a hearing upon providing notice "to such persons as shall appear to the court to be interested therein." Section 631.181(3) (e.s.). All interested persons are entitled to appear at the hearing. Section 631.181(4). Section 631.001(4) provides that the purpose of the act "is [for] the protection of the interests of insureds, creditors and the public generally... ." (e.s.) Absent from the purpose of the act is the protection of shareholders of the insolvent insurance company. Section 631.001(3) provides that the act "shall be liberally construed to effect the purpose stated in subsection (4)." The order of the trial court holding that appellants did not have standing is consistent with the construction of Chapter 631 and cannot be characterized as an abuse of discretion by the trial court....

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. For legal consultation, call 904-383-7448.