Florida § 625.331 - Special consent investments.
Full text of Florida Florida Statutes § 625.331 — Special consent investments., with citation guidance and answers to common questions.
§ 625.331. Special consent investments.
(1) After satisfying the requirements of this part, any funds of an insurer in excess of its reserves and policyholders’ surplus required to be maintained may be invested: (a) Without limitation in any investments otherwise authorized by this part; or (b) In such other investments not specifically authorized by this part as long as such investments do not exceed the lesser of 5 percent of the insurer’s total admitted assets or 25 percent of the amount by which the insurer’s policyholders’ surplus exceeds the minimum required to be maintained. The limitations in paragraph (b) may be exceeded if consented to in writing by the office. (2) In no case shall the investments authorized under this section being held by an insurer be greater than the amount by which the insurer’s policyholders’ surplus exceeds the minimum required to be maintained. (3) Notwithstanding the provisions of this section, an insurer may not invest in investments prohibited by this code.
Frequently Asked Questions About Florida § 625.331
What does Florida Statutes § 625.331 cover?
Section 625.331 ("Special consent investments.") 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 § 625.331?
A common citation format is "Florida Statutes § 625.331" (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 § 625.331 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.