Florida Statute 631.155 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 631
INSURER INSOLVENCY; GUARANTY OF PAYMENT

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F.S. 631.155

631.155 Agents’ balances; premiums and unearned commissions.—Premiums and unearned commissions which have been collected on behalf of an insurer by an agent, agency, or other entity or person constitute an asset of the insurer for which the agent, agency, or other entity or person has a duty to account to the receiver and to pay over amounts as may be due. The duty to account to the receiver shall encompass all persons or entities involved in the handling and transmittal of premium funds. An accounting shall be provided to the receiver within 20 days after receipt of a written demand for an accounting. If there is a dispute regarding the accounting, the court shall hear and decide the matter upon petition of the receiver. Compliance with this section and payment of sums determined to be owed by the court within 30 days of judgment, or within other payment terms approved by the court, shall constitute requirements for continued licensure of a person holding a license under the Florida Insurance Code, and failure to comply with this section shall be sufficient grounds for the license revocation.

History.—s. 8, ch. 89-360; s. 1, ch. 90-192; ss. 88, 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 67, ch. 2002-206.

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Amendments to 631.155

Arrestable Offenses / Crimes under Fla. Stat. 631.155

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 631.155.

Annotations, Discussions, Cases:

Cases Citing Statute 631.155

Total Results: 5

State Department of Financial Services v. Branch Banking & Trust Co.

Court: District Court of Appeal of Florida | Date Filed: 2010-07-13

Citation: 40 So. 3d 829, 2010 Fla. App. LEXIS 10147, 2010 WL 2732606

Snippet: funds, assets, or other property pursuant to s. 631.155, s. 631.191, s. 631.261, s. 631.262, s. 631.263

Nova Ins. Group v. Dept. of Ins.

Court: District Court of Appeal of Florida | Date Filed: 1992-09-11

Citation: 606 So. 2d 429, 1992 Fla. App. LEXIS 9768

Snippet: allege any right to retain the funds pursuant to s. 631.155, s. 631.191, s. 631.261, s. 631.262, s. 631.263

Nunn v. Florida Air Conditioning & Refrigeration Corp.

Court: Supreme Court of Florida | Date Filed: 1940-07-09

Citation: 197 So. 388, 143 Fla. 648, 1940 Fla. LEXIS 1264

Snippet: 149 So. 19; Phillips Co. v. Wagner, 115 Fla. 631, 155 So. 842. Some of the federal courts held that

Wagner v. the Phillips Co.

Court: Supreme Court of Florida | Date Filed: 1937-01-20

Citation: 172 So. 238, 127 Fla. 14

Snippet: Company. See Phillips Co. v. Wagner, 115 Fla. 631, 155 So. 842, for a fuller statement of the facts.

Adams v. Burns

Court: Supreme Court of Florida | Date Filed: 1936-06-29

Citation: 172 So. 75, 126 Fla. 685, 1936 Fla. LEXIS 1671

Snippet: replevin. Phillips Company v. Wagner, 115 Fla. 631,155 So. 842. While statutory replevin in practice supplanted