Florida § 631.1522 Unrecorded obligations and defenses and claims of affiliates

Florida Statutes

§ 631.1522 — Unrecorded obligations and defenses and claims of affiliates

Florida § 631.1522

TitleXXXVII

Ch. 631INSURER INSOLVENCY; GUARANTY OF PAYMENT

This text of Florida § 631.1522 (Unrecorded obligations and defenses and claims of affiliates) 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. § 631.1522 (2026).

Text

(1)In any proceeding or claim by the receiver, an affiliate, a controlled or controlling person, or a present or former officer, manager, director, trustee, or shareholder of the insurer may not assert any defense unless:

(a)Evidence of the defense was recorded in the books and records of the insurer at or about the time the events giving rise to the defense occurred; and (b) If required by statutory accounting practices and procedures, such events were timely reported on the insurer’s official financial statements filed with the office.

(2)An affiliate, a controlled or controlling person, or a present or former officer, manager, director, trustee, or shareholder of the insurer may not assert any claim unless:

(a)The obligations were recorded in the books and records of the insurer at

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(1) In any proceeding or claim by the receiver, an affiliate, a controlled or controlling person, or a present or former officer, manager, director, trustee, or shareholder of the insurer may not assert any defense unless: (a) Evidence of the defense was recorded in the books and records of the insurer at or about the time the events giving rise to the defense occurred; and (b) If required by statutory accounting practices and procedures, such events were timely reported on the insurer’s official financial statements filed with the office.

(2) An affiliate, a controlled or controlling person, or a present or former officer, manager, director, trustee, or shareholder of the insurer may not assert any claim unless: (a) The obligations were recorded in the books and records of the insurer at or about the time the obligations were incurred; and (b) If required by statutory accounting practices and procedures, the obligations were timely reported on the insurer’s official financial statements filed with the office.

(3) This section does not bar claims based on unrecorded or unreported transactions by the receiver against any affiliate, controlled or controlling person, or present or former officer, manager, director, trustee, or shareholder of the insurer.