Florida Statutes 631.071 – Grounds for conservation; foreign insurers
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Terms Used In Florida Statutes 631.071
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
The department may apply to the court for an order appointing it as receiver or ancillary receiver, and directing it to conserve the assets within this state, of a foreign insurer upon any of the following grounds:
(2) Upon the ground that its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.