Florida Statute 631.111 - Full Text and Legal Analysis

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.

Cases Citing F.S. 631.111

Fla. Stat. § 631.111 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
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·Hobbs v. Don Mealey Chevrolet, Inc., 642 So. 2d 1149 (Fla. 5th DCA 1994).
Cited 11 times | Published | Florida 5th District Court of Appeal | 1994 WL 515723
...from liquidation proceedings. For example, the Act is divided into separate sections concerning grounds for rehabilitation (section 631.051), grounds for liquidation (section 631.061), rehabilitation orders (section 631.101), and liquidation orders (section 631.111)....
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Cited as authorityHinkle (2017)
phrase: "rule_authority"
Cited as authority(citing case) (2011)
phrase: "rule_authority"
Cited as authority(citing case) (2009)
phrase: "rule_authority"
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·Sabato v. Florida Dep't of Ins., 768 F. Supp. 1562 (S.D. Fla. 1991).
Cited 1 times | Published | District Court, S.D. Florida | 1991 U.S. Dist. LEXIS 10844, 1991 WL 152818
...89-2855; and In Re The Receivership of Southeastern Casualty & Indemnity Company, Inc., a Florida corporation, in the Circuit Court of the Second Judicial Circuit in and for Leon County, Florida, Case No. 89-2856. See DE 5, Exhibits A-B. [3] See Fla.Stat. § 631.111(1) (1989); Order (DE 5, Exhibits A-B) at para....
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Cited as authorityKurlander (2019)
phrase: "rule_authority"
AdoptedWestcott (1993)
phrase: "adopted by"
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Florida Indep. Auto. Dealers Ass'n Health & Welfare Benefit Plan ex rel. Reinecke Agency, Inc. v. Fid. Sec. Life Ins., 636 So. 2d 37 (Fla. Dist. Ct. App. 1994).
Published | District Court of Appeal of Florida | 1994 Fla. App. LEXIS 184, 19 Fla. L. Weekly Fed. D 190
...e Florida Department of Insurance for an order of liquidation of FIA-DA. In this order, the court directed the receiver of FIADA to “take immediate possession of all the property, assets and estate and all other property” of FIADA “pursuant to section 631.111 and section 631.141, Florida Statutes, including but not limited to ......

This Florida statute resource is curated by Graham W. Syfert, a Jacksonville, Florida personal injury and workers' compensation attorney (Florida Bar No. 39104). For legal consultation, call 904-383-7448.

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Cases Citing F.S. 631.111

·Hobbs v. Don Mealey Chevrolet, Inc., 642 So. 2d 1149 (Fla. 5th DCA 1994).

·Sabato v. Florida Dep't of Ins., 768 F. Supp. 1562 (S.D. Fla. 1991).

Florida Indep. Auto. Dealers Ass'n Health & Welfare Benefit Plan ex rel. Reinecke Agency, Inc. v. Fid. Sec. Life Ins., 636 So. 2d 37 (Fla. Dist. Ct. App. 1994).