Florida Statute 631.55 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 631
INSURER INSOLVENCY; GUARANTY OF PAYMENT

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F.S. 631.55

631.55 Creation of the association.—

(1) There is created a nonprofit corporation to be known as the “Florida Insurance Guaranty Association, Incorporated.” All insurers defined as member insurers in s. 631.54 shall be members of the association as a condition of their authority to transact insurance in this state, and, further, as a condition of such authority, an insurer must agree to reimburse the association for all claim payments the association makes on the insurer’s behalf if such insurer is subsequently rehabilitated. The association shall perform its functions under a plan of operation established and approved under s. 631.58 and shall exercise its powers through a board of directors established under s. 631.56. The corporation shall have all those powers granted or permitted nonprofit corporations, as provided in chapter 617.

(2) For the purposes of administration and assessment, the association shall be divided into two separate accounts:

(a) The auto liability and auto physical damage account.

(b) The account for all other insurance to which this part applies.

History.—s. 6, ch. 70-20; s. 117, ch. 79-40; s. 809(1st), ch. 82-243; s. 14, ch. 89-360; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 4, ch. 92-345; s. 18, ch. 97-262; s. 1353, ch. 2003-261; s. 33, ch. 2006-12; s. 3, ch. 2010-49; s. 5, ch. 2015-65.

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Amendments to 631.55

Arrestable Offenses / Crimes under Fla. Stat. 631.55

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 631.55.

Annotations, Discussions, Cases:

Cases Citing Statute 631.55

Total Results: 18

Leandro de la Fuente v. Florida Insurance Guaranty Association

Court: Fla. | Date Filed: 2016-10-20T00:00:00-07:00

Citation: 202 So. 3d 396, 41 Fla. L. Weekly Supp. 473, 2016 Fla. LEXIS 2327

Snippet: authority to transact insurance in this state.” § 631.55, Fla. Stat. (2011). The statutory purposes of the…determined to have a “covered claim.” See §§ 631.55-.57, Fla. Stat. The insurer’s insolvency triggers

Florida Insurance Guaranty v. Sill

Court: Fla. Dist. Ct. App. | Date Filed: 2014-12-12T00:00:00-08:00

Citation: 154 So. 3d 422, 2014 Fla. App. LEXIS 20156, 2014 WL 6990579

Snippet: n, 67 So.3d 187, 189 (Fla.2011); see §§ 631.51, 631.55, Fla. Stat. (2011). . FIGA also raises concerns

Florida Insurance Guaranty v. Maroulis

Court: Fla. Dist. Ct. App. | Date Filed: 2014-10-17T00:00:00-07:00

Citation: 153 So. 3d 298, 2014 Fla. App. LEXIS 17012, 2014 WL 5285013

Snippet: n, 67 So.3d 187, 189 (Fla.2011); see §§ 631.51, 631.55, Fla. Stat. (2011). . Because this issue is dispositive

Florida Insurance Guaranty v. Rodriguez

Court: Fla. Dist. Ct. App. | Date Filed: 2014-10-17T00:00:00-07:00

Citation: 153 So. 3d 301, 2014 Fla. App. LEXIS 17013, 2014 WL 5285005

Snippet: n, 67 So.3d 187, 189 (Fla.2011); see §§ 631.51, 631.55, Fla. Stat. (2011). . Because this issue is dispositive

Florida Insurance Guaranty Ass'n v. Santos

Court: Fla. Dist. Ct. App. | Date Filed: 2014-10-17T00:00:00-07:00

Citation: 148 So. 3d 837, 2014 Fla. App. LEXIS 17011, 2014 WL 5285006

Snippet: n, 67 So.3d 187, 189 (Fla.2011); see §§ 631.51, 631.55, Fla. Stat. (2011). No. 5D13-3206 District

Florida Insurance Guaranty v. Reynolds

Court: Fla. Dist. Ct. App. | Date Filed: 2014-10-17T00:00:00-07:00

Citation: 148 So. 3d 840, 2014 Fla. App. LEXIS 17015, 2014 WL 5285001

Snippet: n, 67 So.3d 187, 189 (Fla.2011); see §§ 631.51, 631.55, Fla. Stat. (2011). . Because this issue is dispositive

Florida Insurance Guaranty Ass'n v. Branco

Court: Fla. Dist. Ct. App. | Date Filed: 2014-09-19T00:00:00-07:00

Citation: 148 So. 3d 488, 2014 Fla. App. LEXIS 14602

Snippet: n, 67 So.3d 187, 189 (Fla.2011); see §§ 631.51, 631.55, Fla. Stat. (2011). . See § 631.67, Fla. Stat

Florida Insurance Guaranty Ass'n v. Bernard

Court: Fla. Dist. Ct. App. | Date Filed: 2014-05-14T00:00:00-07:00

Citation: 140 So. 3d 1023, 2014 WL 1921745, 2014 Fla. App. LEXIS 7160

Snippet: DCA 1989). The FIGA Act created FIGA in section 631.55, Florida Statutes, and established its powers and

Florida Insurance Guaranty Ass'n v. Karelas

Court: Fla. Dist. Ct. App. | Date Filed: 2012-12-05T00:00:00-08:00

Citation: 106 So. 3d 1, 2012 WL 6049111, 2012 Fla. App. LEXIS 20814

Snippet: .3d 1039, 1041 (Fla. 4th DCA 2010) ("Section 631.55(1) mandated the creation of FIGA, and section 631.51

Florida Insurance Guaranty Ass'n v. B.T. of Sunrise Condominium Ass'n

Court: Fla. Dist. Ct. App. | Date Filed: 2010-09-22T00:00:00-07:00

Citation: 46 So. 3d 1039, 2010 Fla. App. LEXIS 14025, 2010 WL 3655818

Snippet: insolvent insurer. ... (Emphasis added). Section 631.55(1) mandated the creation of FIGA, and section 631.51

INS. GUARANTY ASS'N, INC. v. All the Way With Bill Vernay, Inc.

Court: Fla. Dist. Ct. App. | Date Filed: 2003-12-30T23:53:00-08:00

Citation: 864 So. 2d 1126

Snippet: . FIGA is strictly a creature of statute. See § 631.55 (creating FIGA as a nonprofit corporation that

Falcon Termite & Pest Control, Inc. v. Florida Insurance Guaranty Ass'n

Court: Fla. Dist. Ct. App. | Date Filed: 1991-10-24T00:00:00-07:00

Citation: 589 So. 2d 331, 1991 Fla. App. LEXIS 10506, 1991 WL 213258

Snippet: against insolvent insurance companies. Sections 631.55, 631.57, Fla.Stat. (1989). Falcon made a claim

Martino v. Florida Ins. Guaranty Ass'n

Court: Fla. Dist. Ct. App. | Date Filed: 1980-05-13T00:53:00-07:00

Citation: 383 So. 2d 942

Snippet: a non-profit corporation created by statute § 631.55, Fla. Stat. (1975). Pursuant to § 631.57, Fla.

Gaulden v. Florida Insurance Guaranty Ass'n

Court: Fla. Dist. Ct. App. | Date Filed: 1979-06-19T00:00:00-07:00

Citation: 372 So. 2d 190, 1979 Fla. App. LEXIS 15326

Snippet: Florida Statutes (1977). Affirmed. . See Section 631.55, Florida Statutes (1977). No. 78-1949

Kuvin, Klingensmith & Lewis, P. A. v. Florida Insurance Guaranty Ass'n

Court: Fla. Dist. Ct. App. | Date Filed: 1979-05-22T00:00:00-07:00

Citation: 371 So. 2d 214, 1979 Fla. App. LEXIS 15080

Snippet: companies which transact business in Florida. § 631.-55. Its “governing committee” contains no public officials

Hartnett v. Riveron

Court: Fla. Dist. Ct. App. | Date Filed: 1978-06-27T00:53:00-07:00

Citation: 361 So. 2d 749

Snippet: So.2d 9, 12 (Fla. 1971). Under Sections 631.50, 631.55, 631.57(3)(a), Florida Statutes (1977), the Southern

FLORIDA INS. GUARANTY ASS'N, INC. v. Dolan

Court: Fla. Dist. Ct. App. | Date Filed: 1978-02-06T23:53:00-08:00

Citation: 355 So. 2d 141

Snippet: mortgage, guaranty, and wet marine insurance. § 631.55 and § 631.53. The purposes of this statute, as

Southern Menhaden Co. v. How

Court: Fla. | Date Filed: 1916-02-08T00:00:00-08:00

Citation: 71 Fla. 128, 70 So. 1000

Snippet: amp; Brabb Lumber Co. 111 Ky. 693, 64 S. W. Rep. 631, 55 L. R. A. 275; Monmouth Park Ass’n v. Wallis Iron