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Florida Statute 631.061 | Lawyer Caselaw & Research
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The 2024 Florida Statutes (including 2025 Special Session C)

Title XXXVII
INSURANCE
Chapter 631
INSURER INSOLVENCY; GUARANTY OF PAYMENT
View Entire Chapter
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.

F.S. 631.061 on Google Scholar

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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.



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