Florida § 628.481 - Bulk reinsurance; stock insurers.
Full text of Florida Florida Statutes § 628.481 — Bulk reinsurance; stock insurers., with citation guidance and answers to common questions.
§ 628.481. Bulk reinsurance; stock insurers.
(1) A domestic stock insurer may reinsure all or substantially all of its insurance in force or a major class thereof, with another insurer by an agreement of bulk reinsurance; but no such agreement shall become effective unless filed with the office and approved by it in writing. (2) The office shall approve such agreement unless it finds that it is inequitable to the stockholders of the domestic insurer or it would substantially reduce the protection or service to its policyholders.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 628.481
What does Florida Statutes § 628.481 cover?
Section 628.481 ("Bulk reinsurance; stock insurers.") 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 § 628.481?
A common citation format is "Florida Statutes § 628.481" (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 § 628.481 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.