(1) The surplus deposits of subscribers shall be allowed as assets, except that any premium deposits delinquent for 90 days shall first be charged against such surplus deposit.
(2) An assessment levied upon subscribers, but not collected, shall not be allowed as an asset.
(3) The contingent liability of subscribers shall not be allowed as an asset.
History.—s. 688, 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. 676, 681, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1322, ch. 2003-261.
Structure Florida Statutes
Chapter 629 - Reciprocal Insurers
629.011 - “Reciprocal Insurance” Defined.
629.021 - “Reciprocal Insurer” Defined.
629.041 - Insuring Powers of Reciprocals.
629.071 - Surplus Funds Required.
629.081 - Organization of Reciprocal Insurer.
629.091 - Certificate of Authority.
629.131 - Deposit in Lieu of Bond.
629.161 - Contributions to Insurer.
629.181 - Financial Condition; Method of Determining.
629.191 - Who May Be Subscribers.
629.201 - Subscribers’ Advisory Committee.
629.211 - Subscribers’ Liability.
629.221 - Subscribers’ Liability; on Judgment.
629.241 - Time Limit for Assessments.
629.251 - Aggregate Liability.
629.261 - Nonassessable Policies.
629.271 - Distribution of Savings.
629.281 - Subscribers’ Share in Assets.
629.291 - Merger or Conversion.