Florida § 631.061 - Grounds for liquidation.
Full text of Florida Florida Statutes § 631.061 — Grounds for liquidation., with citation guidance and answers to common questions.
§ 631.061. Grounds for liquidation.
The department may apply to the court for an order appointing it as receiver (if its appointment as receiver is not then in effect) and directing it to liquidate the business of a domestic insurer or of the United States branch of an alien insurer having trusteed assets in this state, regardless of whether or not there has been a prior order directing it to rehabilitate such insurer, upon any of the grounds specified in s. 631.051, or if such insurer: (1) Is or is about to become insolvent. (2) Is an insolvent insurer and has commenced or is attempting to commence voluntary liquidation or dissolution except under this code. (3) Has not completed its organization and obtained a certificate of authority as an insurer within the time allowed therefor under any applicable law.
Frequently Asked Questions About Florida § 631.061
What does Florida Statutes § 631.061 cover?
Section 631.061 ("Grounds for liquidation.") 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 § 631.061?
A common citation format is "Florida Statutes § 631.061" (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 § 631.061 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.