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Florida Statutes Title XXXVII. Insurance § 631.081. Grounds for conservation; alien insurers

Current as of January 01, 2023 | Updated by FindLaw Staff

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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Cite this article: FindLaw.com - Florida Statutes Title XXXVII. Insurance § 631.081. Grounds for conservation; alien insurers - last updated January 01, 2023 | https://codes.findlaw.com/fl/title-xxxvii-insurance/fl-st-sect-631-081/

Read this complete Florida Statutes Title XXXVII. Insurance § 631.081. Grounds for conservation; alien insurers on Westlaw. Westlaw subscription required.

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