(1) The domestication agreement referred to in s. 630.131 shall be authorized, adopted, approved, signed, and acknowledged by the alien insurer in accordance with the laws of the country under which it is organized.
(2) In the case of a domestic insurer, the domestication agreement shall be approved, adopted, and authorized by its board of directors and executed by its president or any vice president and attested by its secretary or assistant secretary under its corporate seal.
History.—s. 714, ch. 59-205; s. 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.
Structure Florida Statutes
Chapter 630 - Alien Insurers: Trusteed Assets; Domestication
630.021 - Required Deposit of Assets.
630.041 - Purpose and Duration.
630.051 - Trust Agreement; Approval; Amendment.
630.061 - Authority to Execute Trust Agreement.
630.071 - Requirements and Contents of Trust Agreement.
630.081 - Withdrawal of Assets, in General.
630.091 - Statement of Trustee.
630.101 - Examination of Assets.
630.121 - Domestication of Alien Insurer; Definitions.
630.131 - Domestication Procedure.
630.141 - Domestication Agreement; Authorization; Execution.
630.151 - Office Approval of Domestication Agreement.
630.161 - Consummation of Domestication; Transfer of Assets and Deposits.