Florida § 628.912 - Discounting of loss and loss adjustment expense reserves.
Full text of Florida Florida Statutes § 628.912 — Discounting of loss and loss adjustment expense reserves., with citation guidance and answers to common questions.
§ 628.912. Discounting of loss and loss adjustment expense reserves.
(1) A captive reinsurance company may discount its loss and loss adjustment expense reserves at treasury rates applied to the applicable payments projected through the use of the expected payment pattern associated with the reserves. (2) A captive reinsurance company must file annually an actuarial opinion on loss and loss adjustment expense reserves provided by an independent actuary. The actuary may not be an employee of the captive reinsurance company or its affiliates. (3) The office may disallow the discounting of reserves if a captive reinsurance company violates a provision of this part.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 628.912
What does Florida Statutes § 628.912 cover?
Section 628.912 ("Discounting of loss and loss adjustment expense reserves.") 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 § 628.912?
A common citation format is "Florida Statutes § 628.912" (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 § 628.912 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.