§ 631.061, Fla. Stat. · Part I. INSURER INSOLVENCY:REHABILITATION AND LIQUIDATION
Grounds for liquidation.
Text — 2026 Florida Statutes
The department may apply to the court for an order appointing it as receiver (if its appointment as receiver is not then in effect) and directing it to liquidate the business of a domestic insurer or of the United States branch of an alien insurer having trusteed assets in this state, regardless of whether or not there has been a prior order directing it to rehabilitate such insurer, upon any of the grounds specified in s. 631.051, or if such insurer:
(1) Is or is about to become insolvent.
(2) Is an insolvent insurer and has commenced or is attempting to commence voluntary liquidation or dissolution except under this code.
(3) Has not completed its organization and obtained a certificate of authority as an insurer within the time allowed therefor under any applicable law.
Notes and commentary — not statutory text
History
s. 722, ch. 59-205; ss. 13, 35, ch. 69-106; s. 4, ch. 70-27; s. 809(1st), ch. 82-243; s. 5, ch. 83-38; ss. 184, 187, 188, ch. 91-108; s. 4, ch. 91-429.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0631/0631.html
- Text hash
- sha256 1b6ed4d0a4e5e09b5d7f967135db376dfdd400df28db0e412cfcc9a29c59a23b
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
- composed from the Legislature's structured HTML (one source of text; no PDF extraction); a second, independent reading of the same bytes agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 7 provisions
Provisions in this library whose text cites § 631.061, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
- § 624.476, Fla. Stat.Impaired self-insurance funds.Printed as s. 631.061
- § 624.477, Fla. Stat.Liquidation, rehabilitation, reorganization, and conservation.Printed as ss. 631.051 and 631.061
- § 631.071, Fla. Stat.Grounds for conservation; foreign insurers.Printed as s. 631.061
- § 631.081, Fla. Stat.Grounds for conservation; alien insurers.Printed as s. 631.061
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.