Florida § 630.121 Domestication of alien insurer; definitions

Florida Statutes

§ 630.121 — Domestication of alien insurer; definitions

Florida § 630.121

TitleXXXVII

Ch. 630ALIEN INSURERS: TRUSTEED ASSETS; DOMESTICATION

This text of Florida § 630.121 (Domestication of alien insurer; definitions) 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. § 630.121 (2026).

Text

(1)“Domestication” as used in ss. 630.131-630.161 means the reorganization of the United States branch of an alien insurer as the result of which a domestic insurer shall succeed to all the business and assets and assume all the liabilities of the United States branch of the alien insurer.

(2)“United States branch” means the business unit through which business is transacted within the United States by an alien insurer and the assets and liabilities of such insurer within the United States pertaining to such business.

(3)“Domestic insurer” as used in such sections means a stock insurer incorporated under the laws of this state.

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(1) “Domestication” as used in ss. 630.131-630.161 means the reorganization of the United States branch of an alien insurer as the result of which a domestic insurer shall succeed to all the business and assets and assume all the liabilities of the United States branch of the alien insurer.

(2) “United States branch” means the business unit through which business is transacted within the United States by an alien insurer and the assets and liabilities of such insurer within the United States pertaining to such business.

(3) “Domestic insurer” as used in such sections means a stock insurer incorporated under the laws of this state.