Florida § 628.131 - Limitation on organization and stock sales expenses.
Full text of Florida Florida Statutes § 628.131 — Limitation on organization and stock sales expenses., with citation guidance and answers to common questions.
§ 628.131. Limitation on organization and stock sales expenses.
(1) The total expense involved in the incorporation and financing of a new domestic stock insurer, including incorporation fees, underwriting fees and costs, attorneys’ fees, printing costs, and other services and costs, shall not exceed 15 percent of the funds actually received by or on behalf of the corporation from the sale of its securities. (2) No president, vice president, secretary, treasurer, director, or other executive officer of any such insurer shall participate, either directly or indirectly, in the commissions of any person selling or negotiating the sale of any security of such an insurer.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 628.131
What does Florida Statutes § 628.131 cover?
Section 628.131 ("Limitation on organization and stock sales expenses.") 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 § 628.131?
A common citation format is "Florida Statutes § 628.131" (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 § 628.131 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.