§ 632.633, Fla. Stat. · Chapter 632. FRATERNAL BENEFIT SOCIETIES
Additional grounds for suspension, revocation, or denial of certificate of authority; receivership; insolvency.
Text — 2026 Florida Statutes
(1) In addition to the grounds set forth in s. 624.418, the office may, in its discretion, suspend, revoke, or deny the certificate of authority of a society, if it finds that the society:
(a) Has exceeded its powers;
(b) Has failed to comply with any provision of this chapter;
(c) Is not fulfilling its contracts in good faith;
(d) Has a membership of less than 400 after an existence of 1 year or more; or
(e) Is conducting business fraudulently or in a manner hazardous to its members, creditors, the public, or the business.
(2) In addition to the grounds set forth in s. 626.9571, whenever the office has reason to believe that any society is operating in violation of this chapter or of any provision of the Florida Insurance Code applicable to societies, the provisions of ss. 626.9571, 626.9581, 626.9591, and 626.9601 shall apply.
(3) Any rehabilitation, liquidation, conservation, or dissolution of a society shall be conducted under the supervision of the department. The department and office shall have all the powers with respect to such rehabilitation, liquidation, conservation, or dissolution that are granted to the department and office under the laws governing the rehabilitation, liquidation, conservation, or dissolution of life insurance companies.
Notes and commentary — not statutory text
History
ss. 4, 6, ch. 86-140; s. 4, ch. 91-429; s. 1389, ch. 2003-261.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0632/0632.html
- Text hash
- sha256 4ed9faadf10323af8e8902db9633a7d7eab7d63fcfc93a07c2577cdd595bf8de
- 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
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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.
The Florida Statutes
- § 624.418, Fla. Stat.Suspension, revocation of certificate of authority for violations and special grounds.Printed as s. 624.418
- § 626.9571, Fla. Stat.Defined practices; hearings, witnesses, appearances, production of books and service of process.Printed as s. 626.9571; ss. 626.9571, 626.9581, 626.9591, and 626.9601
- § 626.9581, Fla. Stat.Cease and desist and penalty orders.Printed as ss. 626.9571, 626.9581, 626.9591, and 626.9601
- § 626.9591, Fla. Stat.Appeals from the department or office.Printed as ss. 626.9571, 626.9581, 626.9591, and 626.9601
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.