(1) An “assessable mutual insurer” is an insurer incorporated in Florida without permanent capital stock which has only policyholders, insureds, or risks located in Florida and which transacts insurance only within Florida. An assessable mutual insurer may be formed only in accordance with part I. Members of the assessable mutual have a contingent liability for discharge of its liabilities as provided in this part. An assessable mutual may be authorized to offer only property, health, and casualty insurance.
(2) The assessable mutual shall not participate in the Florida Insurance Guaranty Association or the Florida Life and Health Insurance Guaranty Association.
History.—ss. 76, 188, ch. 91-108; s. 4, ch. 91-429; s. 9, ch. 92-328.
Structure Florida Statutes
Chapter 628 - Stock and Mutual Insurers; Holding Companies
Part II - Assessable Mutual Insurers (Ss. 628.6011-628.6018)
628.6011 - Assessable mutual insurers.
628.6012 - Premiums written; restrictions.
628.6013 - Converted self-insurance fund; trade association; board of directors.
628.6015 - Tax on premiums, contributions, and assessments of assessable mutual insurers.
628.6016 - Applicability of related laws.