Florida Statutes 629.281 – Subscribers’ share in assets
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Florida Statutes 629.281
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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.