Florida Statute 631.061 - Full Text and Legal Analysis

The 2025 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

Annotations, Discussions, Cases:

Cases Citing Statute 631.061

Total Results: 5

Florida Ins. Guar. Ass'n v. Giordano

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

District Court of Appeal of Florida | Filed: Mar 4, 1986 | Docket: 1680923

Cited 16 times | Published

plaintiff and the insured were directed by section 631.61(2), Florida Statutes (1979), to seek payment

Hobbs v. Don Mealey Chevrolet, Inc.

642 So. 2d 1149, 1994 WL 515723

District Court of Appeal of Florida | Filed: Sep 23, 1994 | Docket: 1529494

Cited 11 times | Published

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

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

159 So. 3d 945, 2015 Fla. App. LEXIS 3576, 2015 WL 1084929

District Court of Appeal of Florida | Filed: Mar 12, 2015 | Docket: 60246713

Published

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

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

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

District Court of Appeal of Florida | Filed: Apr 25, 1995 | Docket: 64755885

Published

is therefore not applicable to Provident. Section 631.061 permits the department upon specified grounds

Guardian Detective & Security Agency v. Schreyer

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

District Court of Appeal of Florida | Filed: May 30, 1986 | Docket: 64620067

Published

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