Florida Statutes
Fla. Stat. § 631.55 (2025)
Creation of the association.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
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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.
Notes of Decisions
Cited in 8
cases, 1978–2016 · leading case: Leandro de la Fuente v. Florida Ins. Guar. Ass'n, 202 So. 3d 396 (Fla. 2016).
Leandro de la Fuente v. Florida Ins. Guar. Ass'n, 202 So. 3d 396 (Fla. 2016). “” § 631.55, Fla. Stat. (2011). The statutory purposes of the FIGA Act are to (1) Provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the…”
Florida Ins. Guar. Ass'n v. Bernard, 140 So. 3d 1023 (Fla. 1st DCA 2014). “The FIGA Act created FIGA in section 631.55, Florida Statutes, and established its powers and duties in section 631.”
Martino v. Florida Ins. Guar. Ass'n, 383 So. 2d 942 (Fla. 3d DCA 1980). “NOTES [1] The Florida Insurance Guaranty Association is a non-profit corporation created by statute § 631.55, Fla. Stat. (1975). Pursuant to § 631.”
INS. Guar. ASS'N, INC. v. All the Way With Bill Vernay, Inc., 864 So. 2d 1126 (Fla. 2d DCA 2003). “See § 631.55 (creating FIGA as a nonprofit corporation that shall have the powers and duties defined by section *1130 631.”
Florida Ins. Guar. Ass'n, Inc. v. Dolan, 355 So. 2d 141 (Fla. 1st DCA 1978). “§ 631.55 and § 631.53. The purposes of this statute, as stated in § 631.”
Florida Ins. Guar. Ass'n v. B.T. of Sunrise Condo. Ass'n, 46 So. 3d 1039 (Fla. 4th DCA 2010). “Section 631.55(1) mandated the creation of FIGA, and section 631.”
Gaulden v. Florida Ins. Guar. Ass'n, 372 So. 2d 190 (Fla. 3d DCA 1979). “See Section 631.55, Florida Statutes (1977).”
Florida Ins. Guar. Ass'n v. Karelas, 106 So. 3d 1 (Fla. 3d DCA 2012). “4th DCA 2010) ("Section 631.55(1) mandated the creation of FIGA, and section 631.”
— 631.55(1) — 2 cases
Florida Ins. Guar. Ass'n v. B.T. of Sunrise Condo. Ass'n, 46 So. 3d 1039 (Fla. 4th DCA 2010). “Section 631.55(1) mandated the creation of FIGA, and section 631.”
Florida Ins. Guar. Ass'n v. Karelas, 106 So. 3d 1 (Fla. 3d DCA 2012). “4th DCA 2010) ("Section 631.55(1) mandated the creation of FIGA, and section 631.”
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