Florida Statutes
Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)
628.171 - Formation of mutual insurer; bond.


History.—s. 637, ch. 59-205; ss. 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 647, 665, 809(1st), ch. 82-243; ss. 70, 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1266, ch. 2003-261.

Structure Florida Statutes

Florida Statutes

Title XXXVII - Insurance

Chapter 628 - Stock and Mutual Insurers; Holding Companies

Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)

628.011 - Scope of part.

628.021 - “Stock insurer” defined.

628.031 - “Mutual insurer” defined.

628.041 - Applicability of general corporation statutes.

628.051 - Application for permit to form insurer; contents; fee.

628.061 - Investigation of proposed organization.

628.071 - Granting, denial of permit.

628.081 - Incorporation of domestic insurer.

628.091 - Filing, approval of articles of incorporation.

628.101 - Amendment of certificate of incorporation; stock insurer.

628.111 - Amendment of articles of incorporation; mutual insurer.

628.121 - Capital stock; amount; payment.

628.131 - Limitation on organization and stock sales expenses.

628.151 - Insurance business exclusive.

628.152 - Domestic stock insurers; proxies, consents, and authorizations with respect to any voting security.

628.161 - Initial qualifications; mutuals.

628.171 - Formation of mutual insurer; bond.

628.221 - Bylaws of mutual insurer.

628.231 - Directors.

628.251 - Management and exclusive agency contracts.

628.255 - Person with effective control cannot receive commission unless contract approved; penalties.

628.261 - Notice of change of director or officer.

628.271 - Office and records; penalty for unlawful removal of records.

628.281 - Exceptions to requirement that office, records, and assets be maintained in this state.

628.291 - Unauthorized transactions in other states.

628.301 - Membership in mutual insurer.

628.341 - Nonassessable policies; mutual insurers.

628.351 - Nonassessable policies; revocation of authority of mutual insurer.

628.361 - Participating policies.

628.371 - Dividends to stockholders.

628.381 - Dividends to mutual policyholders.

628.391 - Illegal dividends; penalty.

628.401 - Borrowed surplus.

628.411 - Impairment of capital or assets.

628.421 - Assessment of stockholders or members.

628.431 - Mutualization of stock insurers.

628.441 - Converting mutual insurer.

628.451 - Merger or share exchange of stock insurers and other entities.

628.461 - Acquisition of controlling stock.

628.4615 - Specialty insurers; acquisition of controlling stock, ownership interest, assets, or control; merger or consolidation.

628.471 - Mergers; mutual insurers.

628.481 - Bulk reinsurance; stock insurers.

628.491 - Mergers and consolidations; mutual insurers; agreement of bulk reinsurance.

628.501 - Mutual member’s share of assets on liquidation.

628.511 - Ownership or transfer of securities without physical delivery of certificates.

628.520 - Change of domicile of a foreign insurer.

628.525 - Change of domicile of a domestic insurer.

628.530 - Effects of redomestication.

628.535 - Authority to adopt rules.