Florida Statutes
§ 630.021 — Required deposit of assets
Florida § 630.021
This text of Florida § 630.021 (Required deposit of assets) 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. § 630.021 (2026).
Text
(1)An alien insurer may use Florida as a state of entry to transact insurance in the United States by making and maintaining in this state a deposit of assets in trust with a solvent bank or trust company or savings and loan association approved by the office.
(2)The deposit, together with other trust deposits of the insurer held in the United States for the same purpose, shall be in amount not less than the deposits required of an alien insurer under s. 624.412 and shall consist of cash or securities eligible for the investment of the funds of domestic insurers under part II of chapter 625.
(3)Such a deposit may be referred to as “trusteed assets.”
(4)All trusteed assets shall be continuously kept within the United States.
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Legislative History
s. 702, ch. 59-205; ss. 13, 35, ch. 69-106; ss. 683, 809(1st), ch. 82-243; s. 126, ch. 83-216; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1331, ch. 2003-261.
Nearby Sections
15
§ 630.011
Scope of chapter§ 630.021
Required deposit of assets§ 630.031
Existing trusts§ 630.041
Purpose and duration§ 630.051
Trust agreement; approval; amendment§ 630.061
Authority to execute trust agreement§ 630.081
Withdrawal of assets, in general§ 630.091
Statement of trustee§ 630.101
Examination of assets§ 630.111
Canadian insurers§ 630.131
Domestication procedureCite This Page — Counsel Stack
Bluebook (online)
Florida § 630.021, Counsel Stack Legal Research, https://law.counselstack.com/statute/fl/630.021.