Florida Statutes, Rules, and Regulations Common to All Lines
After liquidating a Florida domestic insurer, what further step may the receiver take?
Answer and explanation
Answer: D. Section 631.111 provides that the receiver may apply for and secure an order dissolving the corporate existence of a domestic insurer. A certificate of authority is not transferable property, and the section contemplates dissolution rather than reinstatement or assignment of contracts to an unauthorized insurer.Source: Fla. Stat. § 631.111 — 631.111, Dissolution
More florida statutes, rules, and regulations common to all lines questions
- In what form may an agent keep the premium payment records Florida law requires?
- May someone other than the applicant complete and sign a Florida licence application?
- Over twelve months a Florida life agent's premium writings on the agent's own family and business associates come to more than the agent's writings on the general public. What is the consequence under the life agent controlled business rule?
- Section 626.112 requires appointment by an appropriate appointing entity or person. What does that requirement add beyond the licence?
- The Department finds that an agent misappropriated fiduciary funds, a ground listed in section 626.611. What does the statute direct the Department to do?
- The office needs longer to review a Florida life form. What does section 627.410 allow?
589 Florida questions like this one.
Every answer explained, the ones you miss come back on a spaced schedule, and a plan built from your exam date.