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The 2025 Florida Statutes
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F.S. 631.55631.55 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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Annotations, Discussions, Cases:
Cases Citing Statute 631.55
Total Results: 9
864 So. 2d 1126, 2003 WL 23094682
District Court of Appeal of Florida | Filed: Dec 31, 2003 | Docket: 2516360
Cited 12 times | Published
obligations.
FIGA is strictly a creature of statute. See § 631.55 (creating FIGA as a nonprofit corporation that
383 So. 2d 942, 1980 Fla. App. LEXIS 16726
District Court of Appeal of Florida | Filed: May 13, 1980 | Docket: 1512394
Cited 10 times | Published
a non-profit corporation created by statute § 631.55, Fla. Stat. (1975). Pursuant to § 631.57, Fla
140 So. 3d 1023, 2014 WL 1921745, 2014 Fla. App. LEXIS 7160
District Court of Appeal of Florida | Filed: May 14, 2014 | Docket: 60241342
Cited 6 times | Published
5th DCA 1989).
The FIGA Act created FIGA in section 631.55, Florida Statutes, and established its powers
355 So. 2d 141, 1978 Fla. App. LEXIS 15295
District Court of Appeal of Florida | Filed: Feb 7, 1978 | Docket: 1360742
Cited 6 times | Published
mortgage, guaranty, and wet marine insurance. § 631.55 and § 631.53. The purposes of this statute, as
202 So. 3d 396, 41 Fla. L. Weekly Supp. 473, 2016 Fla. LEXIS 2327
Supreme Court of Florida | Filed: Oct 20, 2016 | Docket: 4481081
Cited 1 times | Published
authority to transact insurance in this state.” § 631.55, Fla. Stat. (2011). The statutory purposes of
106 So. 3d 1, 2012 WL 6049111, 2012 Fla. App. LEXIS 20814
District Court of Appeal of Florida | Filed: Dec 5, 2012 | Docket: 60228068
Published
46 So.3d 1039, 1041 (Fla. 4th DCA 2010) ("Section 631.55(1) mandated the creation of FIGA, and section
46 So. 3d 1039, 2010 Fla. App. LEXIS 14025, 2010 WL 3655818
District Court of Appeal of Florida | Filed: Sep 22, 2010 | Docket: 60296107
Published
an insolvent insurer. ...
(Emphasis added).
Section 631.55(1) mandated the creation of FIGA, and section
372 So. 2d 190, 1979 Fla. App. LEXIS 15326
District Court of Appeal of Florida | Filed: Jun 19, 1979 | Docket: 64570782
Published
Florida Statutes (1977).
Affirmed.
. See Section 631.55, Florida Statutes (1977).
371 So. 2d 214, 1979 Fla. App. LEXIS 15080
District Court of Appeal of Florida | Filed: May 22, 1979 | Docket: 64570285
Published
companies which transact business in Florida. § 631.-55. Its “governing committee” contains no public
