Florida § 628.9141 - Incorporation of a captive reinsurance company.
Full text of Florida Florida Statutes § 628.9141 — Incorporation of a captive reinsurance company., with citation guidance and answers to common questions.
§ 628.9141. Incorporation of a captive reinsurance company.
(1) A captive reinsurance company must be incorporated as a stock insurer with its capital divided into shares and held by its shareholders. (2) A captive reinsurance company may not have fewer than three incorporators of whom at least two must be residents of this state. (3) Before the articles of incorporation are transmitted to the Secretary of State, the incorporators must comply with all the requirements of s. 628.091. (4) The capital stock of a captive reinsurance company must be issued at par value of not less than $1 or more than $100 per share. (5) At least one of the members of the board of directors of a captive reinsurance company incorporated in this state must be a resident of this state.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 628.9141
What does Florida Statutes § 628.9141 cover?
Section 628.9141 ("Incorporation of a captive reinsurance company.") 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 § 628.9141?
A common citation format is "Florida Statutes § 628.9141" (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 § 628.9141 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.