Florida Statute 631.111 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 631
INSURER INSOLVENCY; GUARANTY OF PAYMENT

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631.111 Order of liquidation; domestic insurers.—

(1) An order to liquidate the business of a domestic insurer shall direct the department forthwith to take immediate possession of the property of the insurer, to marshal all the assets of the insurer, to liquidate its business, to deal with the insurer’s property and business in its own name or in the name of the insurer, as the court may direct, and to give notice to all creditors who may have claims against the insurer to present such claims, as the court may direct.

(2) The order of liquidation shall authorize and direct the department to take immediate possession of all the property, assets, and estate, including, but not limited to, all offices maintained by the insurer and all rights of action, books, documents, papers, evidences of debt, and all other property of every kind whatsoever and wheresoever located belonging to the insurer, including, but not limited to, all bank accounts, stocks, bonds, debentures, mortgages, all premiums collected by premium finance companies or any person otherwise engaged in premium financing, agents, subagents, producing agents, brokers, service representatives, or others and not paid to the insurer, furniture, fixtures, equipment, office supplies, and all real property of the insurer and to hold all such assets pending further orders of the court.

(3) The department may apply for and secure an order dissolving the corporate existence of a domestic insurer upon its application for an order of liquidation of such insurer or at any time after such order has been granted.

History.—s. 727, ch. 59-205; ss. 13, 35, ch. 69-106; s. 5, ch. 70-27; s. 1, ch. 70-439; s. 809(1st), ch. 82-243; s. 7, ch. 83-38; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 92, ch. 2003-1.

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Amendments to 631.111

Annotations, Discussions, Cases:

Cases Citing Statute 631.111

Total Results: 3

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 631.101), and liquidation orders (section 631.111). Additionally, section 631.071 authorizes

Sabato v. Florida Department of Insurance

768 F. Supp. 1562, 1991 U.S. Dist. LEXIS 10844, 1991 WL 152818

District Court, S.D. Florida | Filed: Jun 28, 1991 | Docket: 2265947

Cited 1 times | Published

89-2856. See DE 5, Exhibits A-B. [3] See Fla.Stat. § 631.111(1) (1989); Order (DE 5, Exhibits A-B) at para

Florida Independent Automobile Dealers Ass'n Health & Welfare Benefit Plan ex rel. Reinecke Agency, Inc. v. Fidelity Security Life Ins.

636 So. 2d 37, 1994 Fla. App. LEXIS 184, 19 Fla. L. Weekly Fed. D 190

District Court of Appeal of Florida | Filed: Jan 21, 1994 | Docket: 64748121

Published

all other property” of FIADA “pursuant to section 631.111 and section 631.141, Florida Statutes, including

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