625.329 – Chattel mortgages.
625.329 Chattel mortgages.— (1) In connection with a mortgage loan on the security of real estate designed and used primarily for residential purposes only, which mortgage loan was acquired pursuant to s. 625.327, an insurer may lend or invest an amount not exceeding 20 percent of the amount loaned on or invested in such real estate mortgage […]
625.330 – Special investments by title insurer.
625.330 Special investments by title insurer.— (1) In addition to other investments eligible under this part, a title insurer may invest and have invested an amount not exceeding the greater of $300,000 or 50 percent of that part of its surplus as to policyholders which exceeds the minimum surplus required by s. 624.408 in its abstract plant […]
625.331 – Special consent investments.
625.331 Special consent investments.— (1) After satisfying the requirements of this part, any funds of an insurer in excess of its reserves and policyholders’ surplus required to be maintained may be invested: (a) Without limitation in any investments otherwise authorized by this part; or (b) In such other investments not specifically authorized by this part as long as such […]
625.332 – Prohibited investments and investment underwriting.
625.332 Prohibited investments and investment underwriting.— (1) In addition to investments excluded pursuant to other provisions of this code, an insurer shall not directly or indirectly invest in or lend its funds upon the security of: (a) Issued shares of its own capital stock, except for the purpose of mutualization under s. 628.431, or in connection with a […]
625.333 – Real estate, in general.
625.333 Real estate, in general.—An insurer shall not directly or indirectly acquire or hold real estate except as authorized in this section. (1) An insurer may acquire and hold: (a) Land and buildings thereon used or acquired for use as its principal home office and branch offices for the convenient transaction of its own business. (b) Real property acquired […]
625.319 – Equipment trust certificates.
625.319 Equipment trust certificates.—An insurer may invest in equipment trust obligations or certificates adequately secured and evidencing an interest in transportation equipment, wholly or in part within the United States, and the right to receive determined portions of rental, purchase, or other fixed obligatory payments for the use or purchase of such transportation equipment. History.—s. 144, […]
625.338 – Time limit for disposal of ineligible property and securities; effect of failure to dispose.
625.338 Time limit for disposal of ineligible property and securities; effect of failure to dispose.— (1) Any property or securities lawfully acquired by an insurer which it could not otherwise have invested in or loaned its funds upon at the time of such acquisition shall be disposed of within 3 years from the date of acquisition, unless […]
625.320 – Building and loan or savings and loan association accounts.
625.320 Building and loan or savings and loan association accounts.—An insurer may invest in share or saving accounts of savings and loan associations or building and loan associations. History.—s. 145, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 1, ch. 78-64; ss. 2, 3, ch. 81-318; ss. 122, 809(1st), ch. 82-243; ss. 187, […]
625.340 – Investments of foreign or alien insurers.
625.340 Investments of foreign or alien insurers.—The investment portfolio of a foreign or alien insurer shall be as permitted by the laws of its domicile if of a quality substantially as high as that required under this chapter for similar funds of like domestic insurers. History.—s. 165, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. […]
625.321 – Policy loans.
625.321 Policy loans.—A life insurer may lend to its policyholder, upon pledge of the policy as collateral security, any sum not exceeding the cash loan value of the policy; or may lend against pledge or assignment of any of its supplementary contracts or other contracts or obligations, so long as the loan is adequately secured by […]