Terms Used In Florida Statutes > Chapter 536 - Timber and Lumber

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Continuance: Putting off of a hearing ot trial until a later time.
• Contract: A legal written agreement that becomes binding when signed.
• Exceeded its powers: means the following conditions:
  (a) The insurer has refused to permit examination by the office of its books, papers, accounts, records, or business practices;
  (b) An insurer organized in this state has unlawfully removed from this state books, papers, accounts, or records necessary for an examination of the insurer by the office;
  (c) The insurer has failed to promptly comply with the applicable financial reporting statutes and office requests relating thereto;
  (d) The insurer has neglected or refused to observe an order of the office to correct a deficiency in its capital or surplus; or
  (e) The insurer has unlawfully or in violation of an office order:

  1. See Florida Statutes 624.80
• Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
• Insurer: means and includes every person as defined in…. See Florida Statutes 624.80
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 1.01
• Unsound condition: means that the office has determined that one or more of the following conditions exist with respect to an insurer:
  (a) The insurer's required surplus, capital, or capital stock is impaired to an extent prohibited by law;
  (b) The insurer continues to write new business when it has not maintained the required surplus or capital;
  (c) The insurer attempts to dissolve or liquidate without first having made provisions, satisfactory to the office, for liabilities arising from insurance policies issued by the insurer; or
  (d) The insurer meets one or more of the grounds in…. See Florida Statutes 624.80
• Writ: A formal written command, issued from the court, requiring the performance of a specific act.