Florida Statute 631.001 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 631
INSURER INSOLVENCY; GUARANTY OF PAYMENT

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F.S. 631.001

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.

(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 Casetext

Amendments to 631.001

Arrestable Offenses / Crimes under Fla. Stat. 631.001

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 631.001.

Annotations, Discussions, Cases:

Cases Citing Statute 631.001

Total Results: 20

Demeko Ladjuan Sims v. State of Florida

Court: Fla. Dist. Ct. App. | Date Filed: 2018-12-10T00:00:00-08:00

Citation: 260 So. 3d 509

Snippet: petit theft conviction based on double jeopardy. 631 1 To the extent Sims argues that his confession

Fonseca v. Taverna Imports, Inc.

Court: Fla. Dist. Ct. App. | Date Filed: 2017-01-04T00:00:00-08:00

Citation: 212 So. 3d 431, 2017 WL 36264, 2017 Fla. App. LEXIS 28

Snippet: were not subject to execution and levy. See § 607.0631(1), Fla. Stat. (2007) (providing in pertinent part

Ocean Bank v. STATE, DEPT. OF FIN. SERVICES

Court: Fla. Dist. Ct. App. | Date Filed: 2005-03-31T00:00:00-08:00

Citation: 902 So. 2d 833, 2005 WL 723866

Snippet: Insurers Rehabilitation and Liquidation Act, sections 631.001-.399, Florida Statutes (2004), and part IV of chapter

Am. Bonding Co. v. Coastal Metal Sales

Court: Fla. Dist. Ct. App. | Date Filed: 1996-09-13T00:53:00-07:00

Citation: 679 So. 2d 1250

Snippet: Arizona have enacted versions of the UILA. See § 631.001.399, Fla.Stat. (1993); Ariz.Rev.Stat. Ann. §§ 20… concerning insurance insolvency. See, e.g., § 631.001(4), Fla. Stat. (1995). If a stay had been entered

Snyder v. Douglas

Court: Fla. Dist. Ct. App. | Date Filed: 1994-12-08T23:53:00-08:00

Citation: 647 So. 2d 275

Snippet: A.C.J., and PATTERSON, J., concur. NOTES [1] §§ 631.001-631.399, Fla. Stat. (1993). [2] §§ 631.50-631.705

Hobbs v. Don Mealey Chevrolet, Inc.

Court: Fla. Dist. Ct. App. | Date Filed: 1994-09-23T00:53:00-07:00

Citation: 642 So. 2d 1149

Snippet: #39;s personal jurisdiction over AFSLIC. [2] §§ 631.001 399, Fla. Stat. (1991). [3] After the plaintiffs

Lidsky v. Florida Department of Insurance

Court: Fla. Dist. Ct. App. | Date Filed: 1994-09-14T00:00:00-07:00

Citation: 643 So. 2d 631, 1994 Fla. App. LEXIS 8785

Snippet: Insurers Rehabilitation and Liquidation Act.” §§ 631.001-631.399, Fla. Stat. (1993). The partial summary…insureds, creditors, and the public generally_” See § 631.001(4). To achieve this purpose, the legislative scheme…treatment of creditors is clearly expressed in section 631.001(4)(d) and dictates that few exceptions should be

In Re Intern. Forum of Fla. Health Ben. Tr.

Court: Fla. Dist. Ct. App. | Date Filed: 1992-09-17T00:53:00-07:00

Citation: 607 So. 2d 432

Snippet: court must collect an assessment. Sections 631.001(3) and 631.001(4)(d), Florida Statutes (1989), require

Appeal of Actron Contractors Equipment v. South Broward Hospital District

Court: Fla. Dist. Ct. App. | Date Filed: 1992-09-17T00:00:00-07:00

Citation: 607 So. 2d 432, 1992 Fla. App. LEXIS 9999

Snippet: court must collect an assessment. Sections 631.001(3) and 631.001(4)(d), Florida Statutes (1989), require

Nova Ins. Group v. Dept. of Ins.

Court: Fla. Dist. Ct. App. | Date Filed: 1992-09-11T00:53:00-07:00

Citation: 606 So. 2d 429

Snippet: Insurers Rehabilitation and Liquidation Act, sections 631.001 to 631.399, Florida Statutes (1989). In the challenged

Ago

Court: Fla. Att'y Gen. | Date Filed: 1992-03-08T23:53:00-08:00

Snippet: 234 (Fla. 1944) and State v. Haddock,140 So.2d 631 (1 D.C.A. Fla., 1962), for the proposition that when

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Court: Fla. Att'y Gen. | Date Filed: 1991-07-11T00:53:00-07:00

Snippet: 234 (Fla. 1944) and State v. Haddock,140 So.2d 631 (1 D.C.A. Fla., 1962), for the proposition that when

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Court: Fla. Att'y Gen. | Date Filed: 1990-12-27T23:53:00-08:00

Snippet: .2d 234 (Fla. 1944); State v. Haddock, 140 So.2d 631 (1 D.C.A. Fla., 1962). Florida Attorney

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Court: Fla. Att'y Gen. | Date Filed: 1989-09-13T00:53:00-07:00

Snippet: 234 (Fla. 1944), and State v. Haddock, 140 So.2d 631 (1 D.C.A.Fla., 1962) (When two statutes relate to

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Court: Fla. Att'y Gen. | Date Filed: 1988-09-14T00:53:00-07:00

Snippet: .2d 234 (Fla. 1944); State v. Haddock, 140 So.2d 631 (1 D.C.A.Fla., 1962). 7 For the general proposition

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

Court: Fla. Dist. Ct. App. | Date Filed: 1987-06-17T00:53:00-07:00

Citation: 509 So. 2d 366

Snippet: unavoidable loss due to insurer insolvency. See section 631.001(4)(d), Florida Statutes. Creditor's rights

Hartnett v. SOUTHERN A. FIRE INS. CO.

Court: Fla. Dist. Ct. App. | Date Filed: 1986-10-14T00:53:00-07:00

Citation: 495 So. 2d 902

Snippet: appear at the hearing. Section 631.181(4). Section 631.001(4) provides that the purpose of the act "is…shareholders of the insolvent insurance company. Section 631.001(3) provides that the act "shall be liberally

Hartnett v. Southern American Fire Insurance Co.

Court: Fla. Dist. Ct. App. | Date Filed: 1986-10-14T00:00:00-07:00

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

Snippet: appear at the hearing. Section 631.181(4). Section 631.001(4) provides that the purpose of the act “is [for…shareholders of the insolvent insurance company. Section 631.001(3) provides that the act “shall be liberally construed

Slater v. Slater

Court: Fla. Dist. Ct. App. | Date Filed: 1983-07-28T00:00:00-07:00

Citation: 437 So. 2d 1110, 1983 Fla. App. LEXIS 24114

Snippet: of the cash disparity of $37,262.02, being $18,631.01, to obtain an adjustment of $100,531.01 which adjustment…accounting which, as amended, shows the sum of $18,631.01 as one-half of the excess distributions other than…personal property to John David Slater. The $18,631.01 figure on Schedule E was obtained as follows: (…Stock $ 114.37 (d) Rent $ 9,000.00 Subtotal $18,631.01 The following is a comparison of partial distributions

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

Court: Fla. Dist. Ct. App. | Date Filed: 1981-11-03T23:53:00-08:00

Citation: 405 So. 2d 306

Snippet: adopted in both Florida and New Mexico, Section 631.001 et seq., Florida Statutes, and Article 59-6-7 et