Florida Statute 631.311 - Full Text and Legal Analysis

The 2025 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

Annotations, Discussions, Cases:

Cases Citing Statute 631.311

Total Results: 1

Super Transport, Inc. v. Florida Department of Insurance

799 So. 2d 286, 2001 Fla. App. LEXIS 13728

District Court of Appeal of Florida | Filed: Oct 2, 2001 | Docket: 64809979

Published

Statutes.” On October 15, 1999, pursuant to section 631.311, the Receiver timely filed its report and petition