Florida Statute 631.081 - 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. 631.081

631.081 Grounds for conservation; alien insurers.—The department may apply to the court for an order appointing it as receiver or ancillary receiver, and directing it to conserve the assets within this state, of any alien insurer upon any of the following grounds:

(1) Upon any of the grounds specified in s. 631.051 or s. 631.061;

(2) Upon the ground that the insurer has failed to comply, within the time designated by the office, with an order made by it to make good an impairment of its trusteed funds; or

(3) Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.

History.—s. 724, ch. 59-205; ss. 13, 35, ch. 69-106; s. 809(1st), ch. 82-243; ss. 184, 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1345, ch. 2003-261.

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Amendments to 631.081

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Cases Citing Statute 631.081

Total Results: 1

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

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

District Court of Appeal of Florida | Filed: Jul 3, 1996 | Docket: 64766308

Published

Department is conservation, not liquidation. See § 631.081, Fla. Stat. (1993). Provident’s petition for writ