Florida § 631.081 Grounds for conservation; alien insurers

Florida Statutes

§ 631.081 — Grounds for conservation; alien insurers

Florida § 631.081

TitleXXXVII

Ch. 631INSURER INSOLVENCY; GUARANTY OF PAYMENT

This text of Florida § 631.081 (Grounds for conservation; alien insurers) 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. § 631.081 (2026).

Text

The department may apply to the court for an order appointing it as receiver or ancillary receiver, and directing it to conserve the assets within this state, of any alien insurer upon any of the following grounds:

(1)Upon any of the grounds specified in s. 631.051 or s. 631.061;

(2)Upon the ground that the insurer has failed to comply, within the time designated by the office, with an order made by it to make good an impairment of its trusteed funds; or

(3)Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.

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The department may apply to the court for an order appointing it as receiver or ancillary receiver, and directing it to conserve the assets within this state, of any alien insurer upon any of the following grounds:

(1) Upon any of the grounds specified in s. 631.051 or s. 631.061;

(2) Upon the ground that the insurer has failed to comply, within the time designated by the office, with an order made by it to make good an impairment of its trusteed funds; or

(3) Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.