Florida Statutes
Chapter 628 - Stock and Mutual Insurers; Holding Companies
Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)

628.011 - Scope of part. - History.—s. 621, ch. 59-205; s. 3, ch. 76-168; s. 1,...

628.021 - “Stock insurer” defined. - History.—s. 622, ch. 59-205; s. 3, ch. 76-168; s. 1,...

628.031 - “Mutual insurer” defined. - History.—s. 623, ch. 59-205; s. 3, ch. 76-168; s. 1,...

628.041 - Applicability of general corporation statutes. - (1) As to any domestic mutual insurers incorporated pursuant to...

628.051 - Application for permit to form insurer; contents; fee. - (1) No domestic insurer shall be formed unless the persons...

628.061 - Investigation of proposed organization. - (1) The character, reputation, financial standing, and motives of the...

628.071 - Granting, denial of permit. - (1) The office shall expeditiously examine and investigate the application...

628.081 - Incorporation of domestic insurer. - (1) Five or more individuals, none of whom is less...

628.091 - Filing, approval of articles of incorporation. - (1) No domestic stock or mutual insurer shall be formed...

628.101 - Amendment of certificate of incorporation; stock insurer. - History.—s. 630, ch. 59-205; ss. 13, 35, ch. 69-106; s....

628.111 - Amendment of articles of incorporation; mutual insurer. - (1) A domestic mutual insurer may amend its articles of...

628.121 - Capital stock; amount; payment. - (1) The articles of incorporation of a stock insurer shall...

628.131 - Limitation on organization and stock sales expenses. - (1) The total expense involved in the incorporation and financing...

628.151 - Insurance business exclusive. - (1) No domestic insurer shall engage directly or indirectly in...

628.152 - Domestic stock insurers; proxies, consents, and authorizations with respect to any voting security. - (1) The commission may, by rule, prescribe the form, content,...

628.161 - Initial qualifications; mutuals. - (1) When newly organized, a mutual insurer may be authorized...

628.171 - Formation of mutual insurer; bond. - History.—s. 637, ch. 59-205; ss. 13, 35, ch. 69-106; s....

628.221 - Bylaws of mutual insurer. - (1) The initial board of directors of a domestic mutual...

628.231 - Directors. - (1) The affairs of every domestic insurer shall be managed...

628.251 - Management and exclusive agency contracts. - (1) No domestic mutual insurer or stock insurer shall make...

628.255 - Person with effective control cannot receive commission unless contract approved; penalties. - (1) No director, officer, or other person having effective control...

628.261 - Notice of change of director or officer. - History.—s. 646, ch. 59-205; ss. 13, 35, ch. 69-106; s....

628.271 - Office and records; penalty for unlawful removal of records. - (1) Every domestic insurer shall have an office in this...

628.281 - Exceptions to requirement that office, records, and assets be maintained in this state. - (1) The provisions of s. 628.271 shall not be deemed...

628.291 - Unauthorized transactions in other states. - (1) No domestic insurer shall enter into a contract of...

628.301 - Membership in mutual insurer. - (1) Each policyholder of a domestic mutual insurer, other than...

628.341 - Nonassessable policies; mutual insurers. - (1) While possessing surplus funds in amount not less than...

628.351 - Nonassessable policies; revocation of authority of mutual insurer. - History.—s. 655, ch. 59-205; ss. 13, 35, ch. 69-106; s....

628.361 - Participating policies. - (1) If provided in its certificate of incorporation, a domestic...

628.371 - Dividends to stockholders. - (1) A domestic stock insurer shall not pay any dividend...

628.381 - Dividends to mutual policyholders. - (1) The directors of a domestic mutual insurer may from...

628.391 - Illegal dividends; penalty. - (1) Any director of a domestic stock or mutual insurer...

628.401 - Borrowed surplus. - (1) A domestic stock or mutual insurer may borrow money...

628.411 - Impairment of capital or assets. - (1) If a domestic stock insurer’s capital, as represented by...

628.421 - Assessment of stockholders or members. - (1) Any insurer receiving the notice of the office mentioned...

628.431 - Mutualization of stock insurers. - (1) A stock insurer other than a title insurer may...

628.441 - Converting mutual insurer. - (1) A mutual insurer may become a stock insurer under...

628.451 - Merger or share exchange of stock insurers and other entities. - (1) Notwithstanding general limitations on the ability of corporations to...

628.461 - Acquisition of controlling stock. - (1) A person may not, individually or in conjunction with...

628.4615 - Specialty insurers; acquisition of controlling stock, ownership interest, assets, or control; merger or consolidation. - (1) For the purposes of this section, the term “specialty...

628.471 - Mergers; mutual insurers. - (1) A domestic mutual insurer shall not merge with a...

628.481 - Bulk reinsurance; stock insurers. - (1) A domestic stock insurer may reinsure all or substantially...

628.491 - Mergers and consolidations; mutual insurers; agreement of bulk reinsurance. - (1) A domestic mutual insurer may reinsure all or substantially...

628.501 - Mutual member’s share of assets on liquidation. - (1) Upon any liquidation of a domestic mutual insurer, its...

628.511 - Ownership or transfer of securities without physical delivery of certificates. - (1) The purpose of this section is to authorize domestic...

628.520 - Change of domicile of a foreign insurer. - History.—s. 7, ch. 85-214; s. 1, ch. 86-286; ss. 75,...

628.525 - Change of domicile of a domestic insurer. - History.—s. 7, ch. 85-214; s. 1, ch. 86-286; ss. 187,...

628.530 - Effects of redomestication. - History.—s. 7, ch. 85-214; s. 1, ch. 86-286; s. 180,...

628.535 - Authority to adopt rules. - History.—s. 7, ch. 85-214; s. 1, ch. 86-286; ss. 187,...