Florida Statute 631.101 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 631
INSURER INSOLVENCY; GUARANTY OF PAYMENT

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F.S. 631.101

631.101 Order of rehabilitation; termination.—

(1) An order to rehabilitate a domestic insurer shall direct the department forthwith to take possession of the property of the insurer and to conduct the business thereof, and to take such steps toward removal of the causes and conditions which have made rehabilitation necessary as the court may direct.

(2) If at any time the department deems that further efforts to rehabilitate the insurer would be useless, it may apply to the court for an order of liquidation.

(3) The department, or any interested person upon due notice to the department, at any time may apply to the court for an order terminating the rehabilitation proceedings and permitting the insurer to resume possession of its property and the conduct of its business, but no such order shall be made or entered except when, after a hearing, the court has determined that the purposes of the proceeding have been fully accomplished.

History.—s. 726, ch. 59-205; ss. 13, 35, ch. 69-106; s. 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.

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Amendments to 631.101

Arrestable Offenses / Crimes under Fla. Stat. 631.101

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 631.101.

Annotations, Discussions, Cases:

Cases Citing Statute 631.101

Total Results: 2

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 631.061), rehabilitation orders (section 631.101), and liquidation orders (section 631.111). Additionally

In re the Receivership of Southland Insurance Co.

Court: District Court of Appeal of Florida | Date Filed: 1988-12-19

Citation: 535 So. 2d 648, 13 Fla. L. Weekly 2755, 1988 Fla. App. LEXIS 5572, 1988 WL 134435

Snippet: of Insurance (Department), pursuant to Section 631.101(2), Florida Statutes (1987). We reverse and remand