The Florida Senate

625.071  Special reserve for bail and judicial bonds.--In lieu of the unearned premium reserve required on surety bonds under s. 625.051, the department may require any surety insurer or limited surety insurer to set up and maintain a reserve on all bail bonds or other single-premium bonds without definite expiration date, furnished in judicial proceedings, equal to 25 percent of the total consideration charged for such bonds as are outstanding as of the date of any current financial statement of the insurer.

History.--s. 115, ch. 59-205; ss. 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 98, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.