Florida Statutes
Chapter 632 - Fraternal Benefit Societies
632.628 - Reports.


(1) Reports shall be filed in accordance with the provisions of this section. Every society transacting business in this state shall annually, on or before March 1, unless for cause shown such time has been extended by the office, file with the office a true statement of its financial condition, transactions, and affairs for the preceding calendar year and pay a fee for filing same, as provided in s. 624.501(4). The statement shall be in general form and context as approved by the National Association of Insurance Commissioners for fraternal benefits societies and as supplemented by additional information required by the office.
(2) As part of the annual statement herein required, each society shall, on or before March 1, file with the office a valuation of its certificates in force on December 31 last preceding, provided the office may, in its discretion for cause shown, extend the time for filing such valuation for not more than 2 calendar months. Such valuation shall be done in accordance with the standards specified in s. 632.627. Such valuation and underlying data shall be certified by a qualified actuary or, at the expense of the society, verified by the actuary of the insurance regulatory agency of the state of domicile of the society.
(3) A society neglecting to file the annual statement in the form and within the time provided by this section shall be subject to an administrative fine in an amount up to $100 for each day during which such neglect continues, and, upon notice by the office to that effect, its authority to do business in this state shall cease while such default continues.
(4) The office shall deposit all fees received under this section to the credit of the Insurance Regulatory Trust Fund.
History.—ss. 4, 6, ch. 86-140; s. 4, ch. 91-429; s. 1385, ch. 2003-261.

Structure Florida Statutes

Florida Statutes

Title XXXVII - Insurance

Chapter 632 - Fraternal Benefit Societies

632.601 - “Fraternal Benefit Society” Defined.

632.602 - “Lodge System” Defined.

632.603 - “Representative Form of Government” Defined.

632.604 - Terms Used.

632.605 - Purposes and Powers.

632.606 - Qualifications for Membership.

632.607 - Location of Office; Meetings; Communications to Members; Grievance Procedures.

632.608 - No Personal Liability.

632.609 - Waiver Prohibited.

632.611 - Organization.

632.612 - Amendments to Laws.

632.613 - Institutions.

632.614 - Reinsurance.

632.615 - Consolidations and Mergers.

632.616 - Conversion of Fraternal Benefit Society Into Mutual Life Insurance Company.

632.617 - Benefits.

632.618 - Beneficiaries.

632.619 - Benefits Not Attachable.

632.621 - The Benefit Contract.

632.622 - Nonforfeiture Benefits, Cash Surrender Values, Certificate Loans, and Other Options.

632.623 - Investments.

632.624 - Funds.

632.625 - Exemptions.

632.626 - Taxation.

632.627 - Valuation.

632.628 - Reports.

632.629 - Annual License.

632.631 - Examination of Societies; No Adverse Publications.

632.632 - Foreign or Alien Society; Admission.

632.633 - Additional Grounds for Suspension, Revocation, or Denial of Certificate of Authority; Receivership; Insolvency.

632.634 - Licensing and Appointment of Agents.

632.635 - Unfair and Deceptive Acts and Practices.

632.636 - Violations; Penalties.

632.637 - Exemption of Certain Societies.

632.638 - Applicability of Other Code Provisions.