eLaws of Florida

  SECTION 625.53. Depository.  


Latest version.
  • 1(1) 2Except as provided in s. 7625.55, 8all 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 this part.
    58(2) 59The department shall hold all such deposits in safekeeping in the vaults located in the offices of the department.
    78(3) 79Securities or other assets deposited with or through the department under this part by a foreign or alien insurer shall not, on account of such securities or assets thus being in this state, be subject to taxation.
    116(4) 117The state shall be responsible for the safekeeping of all securities or other assets deposited with the department under this code.
History.-s. 169, 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. 126, 134, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 893, ch. 2003-261.