Florida Statutes
Chapter 628 - Stock and Mutual Insurers; Holding Companies
Part V - Captive Insurers (Ss. 628.901-628.920)

628.901 - Definitions. - (1) “Affiliated company” means a company in the same corporate...

628.905 - Licensing; authority. - (1) A captive insurance company, if permitted by its charter...

628.906 - Application requirements; restrictions on eligibility of officers and directors. - (1) To evidence competence and trustworthiness of its officers and...

628.907 - Minimum capital and net assets requirements; restriction on payment of dividends. - (1) A captive insurance company may not be issued a...

628.908 - Surplus requirements; restriction on payment of dividends. - (1) The office may not issue a license to a...

628.909 - Applicability of other laws. - (1) The Florida Insurance Code does not apply to captive...

628.910 - Incorporation options and requirements. - (1) A pure captive insurance company may be: (a) Incorporated...

628.911 - Reports and statements. - (1) A captive insurance company may not be required to...

628.912 - Discounting of loss and loss adjustment expense reserves. - (1) A captive reinsurance company may discount its loss and...

628.913 - Captive reinsurance companies. - (1) A captive reinsurance company, if permitted by its articles...

628.914 - Minimum capitalization or reserves for captive reinsurance companies. - (1) The office may not issue a license to a...

628.9141 - Incorporation of a captive reinsurance company. - (1) A captive reinsurance company must be incorporated as a...

628.9142 - Reinsurance; effect on reserves. - (1) A captive insurance company may provide reinsurance, as authorized...

628.915 - Exemption from compulsory association. - (1) No captive insurance company shall be permitted to join...

628.917 - Insolvency and liquidation. - History.—ss. 664, 809(1st), ch. 82-243; ss. 9, 11, ch. 87-127;...

628.918 - Management of assets of captive reinsurance company. - History.—s. 32, ch. 2012-151.

628.919 - Standards to ensure risk management control by parent company. - History.—s. 33, ch. 2012-151; s. 8, ch. 2013-209.

628.920 - Eligibility of licensed captive insurance company for certificate of authority to act as insurer. - History.—s. 34, ch. 2012-151.