SECTION 625.331. Special consent investments.

Latest version.

1(1) 2After 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:
29(a) 30Without limitation in any investments otherwise authorized by this part; or
41(b) 42In such other investments not specifically authorized by this part as long as such investments do not exceed the lesser of 5 percent of the insurer’s total admitted assets or 25 percent of the amount by which the insurer’s policyholders’ surplus exceeds the minimum required to be maintained.
90The limitations in paragraph (b) may be exceeded if consented to in writing by the office.
106(2) 107In no case shall the investments authorized under this section being held by an insurer be greater than the amount by which the insurer’s policyholders’ surplus exceeds the minimum required to be maintained.
140(3) 141Notwithstanding the provisions of this section, an insurer may not invest in investments prohibited by this code.

History.-s. 156, ch. 59-205; ss. 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 114, 122, 809(1st), ch. 82-243; s. 2, ch. 89-227; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 888, ch. 2003-261.

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Cited by Court Cases:

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