Florida § 624.83 - Prohibited acts during period of supervision.
Full text of Florida Florida Statutes § 624.83 — Prohibited acts during period of supervision., with citation guidance and answers to common questions.
§ 624.83. Prohibited acts during period of supervision.
The office may provide that the insurer may not conduct the following activities during the period of supervision, without prior approval by the office: (1) Dispose of, convey, or encumber any of its assets or its business in force; (2) Withdraw any of its bank accounts; (3) Lend any of its funds; (4) Invest any of its funds; (5) Transfer any of its property; (6) Incur any debt, obligation, or liability; (7) Merge or consolidate with another company; (8) Enter into any new reinsurance contract or treaty; (9) Terminate, surrender, forfeit, convert, or lapse any insurance policy, certificate, or contract of insurance, except for nonpayment of premiums due; (10) Release, pay, or refund premium deposits, accrued cash or loan values, unearned premiums, or other reserves on any insurance policy or certificate; or (11) Make any material change in management.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 624.83
What does Florida Statutes § 624.83 cover?
Section 624.83 ("Prohibited acts during period of supervision.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 624.83?
A common citation format is "Florida Statutes § 624.83" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 624.83 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.