Florida Statutes 631.081 – Grounds for conservation; alien insurers
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Terms Used In Florida Statutes 631.081
- 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 any alien insurer upon any of the following grounds:
(2) Upon the ground that the insurer has failed to comply, within the time designated by the office, with an order made by it to make good an impairment of its trusteed funds; or
(3) Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.