Florida Statute 631.061 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 631
INSURER INSOLVENCY; GUARANTY OF PAYMENT

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F.S. 631.061

631.061 Grounds for liquidation.—The department may apply to the court for an order appointing it as receiver (if its appointment as receiver is not then in effect) and directing it to liquidate the business of a domestic insurer or of the United States branch of an alien insurer having trusteed assets in this state, regardless of whether or not there has been a prior order directing it to rehabilitate such insurer, upon any of the grounds specified in s. 631.051, or if such insurer:

(1) Is or is about to become insolvent.

(2) Is an insolvent insurer and has commenced or is attempting to commence voluntary liquidation or dissolution except under this code.

(3) Has not completed its organization and obtained a certificate of authority as an insurer within the time allowed therefor under any applicable law.

History.—s. 722, ch. 59-205; ss. 13, 35, ch. 69-106; s. 4, ch. 70-27; s. 809(1st), ch. 82-243; s. 5, ch. 83-38; ss. 184, 187, 188, ch. 91-108; s. 4, ch. 91-429.

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Amendments to 631.061

Arrestable Offenses / Crimes under Fla. Stat. 631.061

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 631.061.

Annotations, Discussions, Cases:

Cases Citing Statute 631.061

Total Results: 11

Florida Office of Insurance Regulation v. Florida Department of Financial Services

Court: District Court of Appeal of Florida | Date Filed: 2015-03-12

Citation: 159 So. 3d 945, 2015 Fla. App. LEXIS 3576

Snippet: order directing it to rehabilitate an insurer); § 631.061, Fla. Stat. (authorizing DFS to apply to the court

Devonshire at PGA National, LLC v. State ex rel. Department of Financial Services

Court: District Court of Appeal of Florida | Date Filed: 2013-01-11

Citation: 103 So. 3d 1060, 2013 WL 132695, 2013 Fla. App. LEXIS 479

Snippet: proceedings of an insurer as set forth in ss. 681.051, 631.061, and 631.071, the [OIR] may petition for an appropriate

Provident Capital Indemnity, Ltd. v. State ex rel. Department of Insurance of the State of Florida

Court: District Court of Appeal of Florida | Date Filed: 1996-07-03

Citation: 677 So. 2d 363, 1996 Fla. App. LEXIS 6886, 1996 WL 364736

Snippet: although this court found that sections 631.051 and 631.061, Florida Statutes, “did not authorize the remedy

Florida Dept. of Ins. v. Cypress Ins. Co.

Court: District Court of Appeal of Florida | Date Filed: 1995-10-02

Citation: 660 So. 2d 1177, 1995 Fla. App. LEXIS 10285, 1995 WL 573047

Snippet: Department was empowered by sections 631.031 and 631.061, Florida Statutes (1991), to apply for the order

Provident Capital Indemnity, Ltd. v. State ex rel. Department of Insurance

Court: District Court of Appeal of Florida | Date Filed: 1995-04-25

Citation: 654 So. 2d 232, 1995 Fla. App. LEXIS 4358, 1995 WL 293968

Snippet: entered upon authority of sections 631.051 and 631.061, Florida Statutes (1993), by which the Department

Hobbs v. Don Mealey Chevrolet, Inc.

Court: District Court of Appeal of Florida | Date Filed: 1994-09-23

Citation: 642 So. 2d 1149, 1994 WL 515723

Snippet: (section 631.051), grounds for liquidation (section 631.061), rehabilitation orders (section 631.101), and

Guardian Detective & Security Agency v. Schreyer

Court: District Court of Appeal of Florida | Date Filed: 1986-05-30

Citation: 489 So. 2d 1186, 11 Fla. L. Weekly 1236, 1986 Fla. App. LEXIS 8088

Snippet: (FIGA) became its successor. Pursuant to section 631.61, Florida Statutes (1985), any amount payable on

Florida Ins. Guar. Ass'n v. Giordano

Court: District Court of Appeal of Florida | Date Filed: 1986-03-04

Citation: 485 So. 2d 453, 11 Fla. L. Weekly 558

Snippet: insurer as if the insurer had not become insolvent. 631.61 Nonduplication of recovery. (2) Any person having

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

Court: District Court of Appeal of Florida | Date Filed: 1981-06-30

Citation: 400 So. 2d 813

Snippet: liquidation of domestic insurers, Sections 631.051, 631.061, and for the conservation or ancillary liquidation

Servamerica, Inc. v. Rolfe

Court: District Court of Appeal of Florida | Date Filed: 1975-08-13

Citation: 318 So. 2d 178, 115 L.R.R.M. (BNA) 4508

Snippet: *180 Education of City of East Saginaw, 102 Mich. 631, 61 N.W. 61. An agreement to serve and be served at

Knudsen v. Green

Court: Supreme Court of Florida | Date Filed: 1934-07-30

Citation: 156 So. 240, 116 Fla. 47, 1934 Fla. LEXIS 1011

Snippet: Board of Education of City of Saginaw,102 Mich. 631, 61 N.W. Rep. 61. An agreement to serve and be served