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2021 Florida Statutes (Including 2021B Session)
SECTION 59
Rights of insurer during solvency.
Rights of insurer during solvency.
625.59 Rights of insurer during solvency.—So long as the insurer remains solvent and is in compliance with this code, it may:
(1) Demand, receive, sue for, and recover the income from the securities or assets deposited;
(2) Exchange and substitute for the deposited securities or assets, or any part thereof, other eligible securities and assets of equivalent or greater value; and
(3) At any reasonable time inspect any such deposit.
History.—s. 175, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 134, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.