Fla. Stat. 629.281
Subscribers’ share in assets


Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharge of its indebtedness and policy obligations, the return of any contributions of the attorney or other persons to its surplus made as provided in s. 629.161, and the return of any unused premium, savings, or credits then standing on subscribers’ accounts shall be distributed to its subscribers who were such within the 12 months prior to the last termination of its certificate of authority, according to such reasonable formula as the office approves.

Source: Section 629.281 — Subscribers’ share in assets, https://www.­flsenate.­gov/Laws/Statutes/2024/0629.­281 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 629.281. Subscribers’ share in assets's source at flsenate​.gov