Florida § 631.902 - Purposes.
Full text of Florida Florida Statutes § 631.902 — Purposes., with citation guidance and answers to common questions.
§ 631.902. Purposes.
The purposes of this part are to: (1) Create a not-for-profit Florida Workers’ Compensation Insurance Guaranty Association, Incorporated, to provide a mechanism for the payment of covered claims under chapter 440 to avoid excessive delay in payment and to avoid financial loss to claimants because of the insolvency of a member insurer. (2) Assist in the detection and prevention of insurer insolvencies. (3) Allocate the cost of such protection among the insurers. (4) Provide for the prompt payment by the corporation of workers’ compensation claims incurred by insolvent insurers.
Frequently Asked Questions About Florida § 631.902
What does Florida Statutes § 631.902 cover?
Section 631.902 ("Purposes.") 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 § 631.902?
A common citation format is "Florida Statutes § 631.902" (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 § 631.902 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.