2010 Florida Code
TITLE XXXVII INSURANCE
Chapter 634 WARRANTY ASSOCIATIONS
PART III HOME WARRANTY ASSOCIATIONS(ss. 634.301-634.348)
634.3076 Prohibited investments and loans.
634.3076 Prohibited investments and loans.
A home warranty association shall not directly or indirectly invest in or lend its funds upon the security of any note or other evidence of indebtedness of any director, officer, or controlling stockholder of the home warranty association. This prohibition applies only to investments and loans initially reported on a home warranty association’s financial statements after the third quarterly statement for 2006.
History. s. 4, ch. 2006-272.
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