Florida Statutes
§ 630.071 — Requirements and contents of trust agreement
Florida § 630.071
This text of Florida § 630.071 (Requirements and contents of trust agreement) 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. § 630.071 (2026).
Text
Trusteed assets of an alien insurer held in this state under this chapter shall be subject to, and the trust agreement shall make provisions consistent with, the following conditions:
(1)Legal title to the trusteed assets is vested in the trustee or trustees, and their successors lawfully appointed, in trust for the purposes and duration as stated in s. 630.041.
(2)Substitution of a new trustee or trustees in case of a vacancy by death, resignation or otherwise may be made, subject to the office’s approval.
(3)All trusteed assets shall at all times be maintained as a trust fund separate and distinct from all other assets.
(4)The trustee or trustees shall maintain a record at all times sufficient to identify the assets of the trust.
(5)Withdrawal of or from the trusteed assets sha
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Legislative History
s. 707, ch. 59-205; ss. 13, 35, ch. 69-106; s. 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1334, 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 § 630.071, Counsel Stack Legal Research, https://law.counselstack.com/statute/fl/630.071.