Florida Statutes
§ 625.59 — Rights of insurer during solvency
Florida § 625.59
This text of Florida § 625.59 (Rights of insurer during solvency) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Fla. Stat. § 625.59 (2026).
Text
So long as the insurer remains solvent and is in compliance with this code, it may:
(1)Demand, receive, sue for, and recover the income from the securities or assets deposited;
(2)Exchange and substitute for the deposited securities or assets, or any part thereof, other eligible securities and assets of equivalent or greater value; and
(3)At any reasonable time inspect any such deposit.
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Legislative History
s. 175, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 134, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.
Nearby Sections
15
§ 625.01115
Definitions§ 625.012
“Assets” defined§ 625.031
Assets not allowed§ 625.041
Liabilities, in general§ 625.051
Unearned premium reserve§ 625.081
Reserve for health insurance§ 625.091
Losses and loss adjustment expense reserves; liability insurance and workers’ compensation insurance§ 625.101
Increase of inadequate loss reserves§ 625.111
Title insurance reserve§ 625.1212
Valuation of policies and contracts issued on or after the operative date of the valuation manual§ 625.1214
Use of confidential information§ 625.141
Valuation of bondsCite This Page — Counsel Stack
Bluebook (online)
Florida § 625.59, Counsel Stack Legal Research, https://law.counselstack.com/statute/fl/625.59.