Florida § 628.9141 Incorporation of a captive reinsurance company

Florida Statutes

§ 628.9141 — Incorporation of a captive reinsurance company

Florida § 628.9141

TitleXXXVII

Ch. 628STOCK AND MUTUAL INSURERS; HOLDING COMPANIES

This text of Florida § 628.9141 (Incorporation of a captive reinsurance company) 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. § 628.9141 (2026).

Text

(1)A captive reinsurance company must be incorporated as a stock insurer with its capital divided into shares and held by its shareholders.

(2)A captive reinsurance company may not have fewer than three incorporators of whom at least two must be residents of this state.

(3)Before the articles of incorporation are transmitted to the Secretary of State, the incorporators must comply with all the requirements of s. 628.091.

(4)The capital stock of a captive reinsurance company must be issued at par value of not less than $1 or more than $100 per share.

(5)At least one of the members of the board of directors of a captive reinsurance company incorporated in this state must be a resident of this state.

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(1) A captive reinsurance company must be incorporated as a stock insurer with its capital divided into shares and held by its shareholders.

(2) A captive reinsurance company may not have fewer than three incorporators of whom at least two must be residents of this state.

(3) Before the articles of incorporation are transmitted to the Secretary of State, the incorporators must comply with all the requirements of s. 628.091.

(4) The capital stock of a captive reinsurance company must be issued at par value of not less than $1 or more than $100 per share.

(5) At least one of the members of the board of directors of a captive reinsurance company incorporated in this state must be a resident of this state.