Florida Statute 631.311 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 631
INSURER INSOLVENCY; GUARANTY OF PAYMENT

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F.S. 631.311

631.311 Report and petition for assessment.—Within 3 years after the date of the entry of an order of rehabilitation or liquidation of a domestic mutual insurer or a domestic reciprocal insurer, the department may make and file its report and petition to the court setting forth:

(1) The reasonable value of the assets of the insurer;

(2) The liabilities of the insurer to the extent thus far ascertained by the department;

(3) The aggregate amount of the assessment, if any, which the department deems reasonably necessary to pay all claims, the costs and expenses of the collection of the assessments, and the costs and expenses of the delinquency proceeding in full;

(4) Any other information relative to the affairs or property of the insurer that the department deems material.

History.—s. 747, 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 631.311

Arrestable Offenses / Crimes under Fla. Stat. 631.311

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 631.311.

Annotations, Discussions, Cases:

Cases Citing Statute 631.311

Total Results: 1

Super Transport, Inc. v. Florida Department of Insurance

Court: Fla. Dist. Ct. App. | Date Filed: 2001-10-02T00:00:00-07:00

Citation: 799 So. 2d 286

Snippet: assessment collection procedure set forth in sections 631.311, 631.321, and 631.331, Florida Statutes.” On October…October 15, 1999, pursuant to section 631.311, the Receiver timely filed its report and petition for an…of the order of liquidation provided by section 631.311, within which the Receiver timely filed its petition