Florida Statute 631.081 | Lawyer Caselaw & Research

The 2024 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

Arrestable Offenses / Crimes under Fla. Stat. 631.081

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 631.081.

Annotations, Discussions, Cases:

Cases Citing Statute 631.081

Total Results: 2

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

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: Section 624.06(3), Florida Statutes), Sections 631.081, 631.131. Proof of insolvency as well as other