There Is a Newer Version
of
the Florida Statutes
2002 Florida Code
TITLE XXXVII INSURANCE
Chapter 625 ACCOUNTING, INVESTMENTS, AND DEPOSITS BY INSURERS
PART III ADMINISTRATION OF DEPOSITS (ss. 625.50-625.63)
625.59 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.
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