Quick Links
- General Laws Conversion Table (2023) [PDF]
- Florida Statutes Definitions Index (2023) [PDF]
- Table of Section Changes (2023) [PDF]
- Preface to the Florida Statutes (2023) [PDF]
- Table Tracing Session Laws to Florida Statutes (2023) [PDF]
- Index to Special and Local Laws (1971-2023) [PDF]
- Index to Special and Local Laws (1845-1970) [PDF]
- Statute Search Tips
2001 Florida Statutes
Liabilities, in general.
625.041 Liabilities, in general.--In any determination of the financial condition of an insurer, liabilities to be charged against its assets shall include:
(1) The amount, estimated consistent with the provisions of this code, necessary to pay all of its unpaid losses and claims incurred on or prior to the date of statement, whether reported or unreported, together with the expenses of adjustment or settlement thereof.
(2) With reference to life and health insurance and annuity contracts:
(a) The amount of reserves on life insurance policies and annuity contracts in force, valued according to the tables of mortality, rates of interest, and methods adopted pursuant to this code which are applicable thereto.
(b) Reserves for disability benefits, for both active and disabled lives.
(c) Reserves for accidental death benefits.
1(d) Any additional reserves that may be required by the department consistent with practice formulated or approved by the National Association of Insurance Commissioners or its successor organization, on account of such insurance, including contract and premium deficiency reserves.
(3) With reference to insurance other than specified in subsection (2), and other than title insurance, the amount of reserves equal to the unearned portions of the gross premiums charged on policies in force, computed in accordance with this part.
(4) Taxes, expenses, and other obligations due or accrued at the date of the statement.
History.--s. 112, 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. 90, 98, 809(1st), ch. 82-243; s. 41, ch. 89-360; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 20, ch. 95-211; s. 17, ch. 2001-213.
1Note.--Section 24, ch. 2001-213, provides that "[a]ny quarterly or annual statement that is required to be filed after [June 13, 2001] shall be prepared in accordance with the provisions of this act." Section 25, ch. 2001-213, provides for retroactive applicability of s. 24, ch. 2001-213, to January 1, 2001.