Fla. Stat. 624.83
Prohibited acts during period of supervision

(1)

Dispose of, convey, or encumber any of its assets or its business in force;

(2)

Withdraw any of its bank accounts;

(3)

Lend any of its funds;

(4)

Invest any of its funds;

(5)

Transfer any of its property;

(6)

Incur any debt, obligation, or liability;

(7)

Merge or consolidate with another company;

(8)

Enter into any new reinsurance contract or treaty;

(9)

Terminate, surrender, forfeit, convert, or lapse any insurance policy, certificate, or contract of insurance, except for nonpayment of premiums due;

(10)

Release, pay, or refund premium deposits, accrued cash or loan values, unearned premiums, or other reserves on any insurance policy or certificate; or

(11)

Make any material change in management.

Source: Section 624.83 — Prohibited acts during period of supervision, https://www.­flsenate.­gov/Laws/Statutes/2024/0624.­83 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 624.83. Prohibited acts during period of supervision's source at flsenate​.gov