(1) No mutual insurance holding company shall be formed unless its articles of incorporation are approved by the office prior to filing the same with and approval by the Department of State as provided by law.
(2) The office shall promptly examine the articles of incorporation; and, if it finds that the articles of incorporation comply with law, the office shall endorse its approval upon each of the originals, place one on file in its office, and return the remaining sets to the incorporators. The incorporators shall promptly file such endorsed articles of incorporation with the Department of State. The articles of incorporation shall be effective when filed with and approved by the Department of State.
History.—s. 1, ch. 97-216; s. 1302, ch. 2003-261.
Structure Florida Statutes
Chapter 628 - Stock and Mutual Insurers; Holding Companies
Part III - Mutual Insurance Holding Companies (Ss. 628.701-628.733)
628.705 - Prohibition of stock transfers.
628.707 - Applicability of general corporation statutes.
628.709 - Formation of a mutual insurance holding company.
628.711 - Plan of reorganization.
628.715 - Merger and acquisitions.
628.717 - Filing of articles of incorporation.
628.719 - Amendment of articles of incorporation.
628.725 - Notice of change of director or officer.
628.729 - Member’s share of assets on voluntary dissolution.
628.730 - Merger with intermediate holding company.
628.731 - Application of holding company statutes and regulations.