Florida § 629.181 Financial condition; method of determining

Florida Statutes

§ 629.181 — Financial condition; method of determining

Florida § 629.181

TitleXXXVII

Ch. 629RECIPROCAL INSURERS

This text of Florida § 629.181 (Financial condition; method of determining) 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. § 629.181 (2026).

Text

In determining the financial condition of a reciprocal insurer, the office shall apply the following rules:

(1)The surplus deposits of subscribers shall be allowed as assets, except that any premium deposits delinquent for 90 days shall first be charged against such surplus deposit.

(2)An assessment levied upon subscribers, but not collected, shall not be allowed as an asset.

(3)The contingent liability of subscribers shall not be allowed as an asset.

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In determining the financial condition of a reciprocal insurer, the office shall apply the following rules:

(1) The surplus deposits of subscribers shall be allowed as assets, except that any premium deposits delinquent for 90 days shall first be charged against such surplus deposit.

(2) An assessment levied upon subscribers, but not collected, shall not be allowed as an asset.

(3) The contingent liability of subscribers shall not be allowed as an asset.

Legislative History

s. 688, ch. 59-205; ss. 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 676, 681, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1322, ch. 2003-261.