625.765 – Exemptions from ss. 625.75 and 625.76.
625.765 Exemptions from ss. 625.75 and 625.76.—The commission may adopt by rule exemptions from ss. 625.75 and 625.76 for transactions that are not subject to s. 628.461 and that are the result of proceedings in probate, incompetency, or bankruptcy; sales of securities by odd-lot securities dealers; small transactions by gift which do not exceed $3,000 over […]
625.77 – Unlawful to sell equity security not owned; delayed delivery.
625.77 Unlawful to sell equity security not owned; delayed delivery.— (1) It is unlawful for any person reporting securities under s. 625.75 to sell, directly or indirectly, any equity security of a company named in such report if the person or the person’s principal: (a) Does not own the security sold; (b) If owning the security, does not deliver […]
625.78 – Certain sale and purchase exempted; investment account.
625.78 Certain sale and purchase exempted; investment account.—The provisions of s. 625.76 do not apply to any purchase and sale, or sale and purchase, and the provisions of s. 625.77 do not apply to any sale, of an equity security of a domestic stock insurer not then or theretofore held by a person required to report […]
625.79 – Certain foreign or domestic arbitrage transactions exempted.
625.79 Certain foreign or domestic arbitrage transactions exempted.—The provisions of ss. 625.75-625.77 do not apply to foreign or domestic arbitrage transactions unless made in contravention of rules that the commission has adopted. History.—s. 1, ch. 65-18; ss. 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 139, […]
625.52 – Securities eligible for deposit.
625.52 Securities eligible for deposit.— (1) All deposits by insurers and agents required for authority to transact insurance in this state must be limited to the following types: (a) Cash delivered to the department for the Treasury Cash Deposit Trust Fund. (b) United States Government bonds, notes, and bills for which the full faith and credit of the Government […]
625.80 – “Equity security” defined.
625.80 “Equity security” defined.—The term “equity security” when used in this part means: (1) Any stock or similar security; (2) Any security convertible, with or without consideration, into such a security, or carrying any warrant or right to subscribe to or purchase such a security; (3) Any such warrant or right; or (4) Any other security which the commission deems […]
625.53 – Depository.
625.53 Depository.— (1) Except as provided in s. 625.55, all deposits made in this state under this code shall be made with the department. The department shall take, receipt for, and hold in trust deposits made under this code for the purpose or purposes for which the respective deposits were so made, subject to the provisions of […]
625.81 – Equity securities of certain domestic stock insurer exempted.
625.81 Equity securities of certain domestic stock insurer exempted.—The provisions of ss. 625.75-625.77 do not apply to equity securities of a domestic stock insurer if: (1) Such securities are registered, or are required to be registered, pursuant to s. 12 of the Securities Exchange Act of 1934, as amended, or (2) Such domestic stock insurer does not have […]
625.55 – Custodial arrangements.
625.55 Custodial arrangements.— (1) In lieu of a deposit being made with it in fact, the department in its discretion may permit or require that the deposit be made with and held by the trust department of a national bank organized and existing under the laws of the United States Government or a state bank or savings […]
625.82 – Rules.
625.82 Rules.—The commission may adopt such rules as are necessary for the execution of the functions vested in it by ss. 625.75-625.81 and may for such purpose classify domestic stock insurers, securities, and other persons or matters within its jurisdiction. No provision of ss. 625.75-625.77 imposing any liability shall apply to any act done or omitted […]