Florida Statutes 625.59 – Rights of insurer during solvency
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Terms Used In Florida Statutes 625.59
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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.