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Florida Statute 631.206 - Full Text and Legal Analysis
Florida Statute 631.206 | Lawyer Caselaw & Research
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The 2025 Florida Statutes

Title XXXVII
INSURANCE
Chapter 631
INSURER INSOLVENCY; GUARANTY OF PAYMENT
View Entire Chapter
F.S. 631.206
631.206 Arbitration.If an insurer in receivership has entered into an agreement containing an arbitration provision for resolution of disputes, that provision is void and shall be replaced by operation of law with the following provision:

Any controversy or claim arising out of or relating to this contract, or the breach thereof, shall be settled by arbitration pursuant to the American Arbitration Association Commercial Arbitration Rules and chapter 682, Florida Statutes, and judgment on the award rendered by the arbitrators shall be entered by the receivership court. Venue shall be in Leon County, Florida. Disputes shall be submitted to a panel of three arbitrators, one to be chosen by each party and the third by the two so chosen. Arbitrators shall be selected from a list of potential qualified arbitrators with 10 years’ experience involving the insurance industry. If the parties do not agree upon the qualifications of a mediator, each party shall select its mediator from a list of potential mediators approved by the receivership court.

History.s. 33, ch. 2004-374.

F.S. 631.206 on Google Scholar

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Amendments to 631.206


Annotations, Discussions, Cases:

Cases Citing Statute 631.206

Total Results: 1

Joanne Kong v. Allied Professional Insurance Company

750 F.3d 1295, 2014 WL 1870615, 2014 U.S. App. LEXIS 8762

Court of Appeals for the Eleventh Circuit | Filed: May 9, 2014 | Docket: 271515

Cited 4 times | Published

insurance disputes. See, e.g., id. § 631.206 (voiding arbitration agreements entered into by