SECTION 629.181. Financial condition; method of determining.
Latest version.
- 1In determining the financial condition of a reciprocal insurer, the office shall apply the following rules:
17(1) 18The surplus deposits of subscribers shall be allowed as assets, except that any premium deposits delinquent for 90 days shall first be charged against such surplus deposit.
45(2) 46An assessment levied upon subscribers, but not collected, shall not be allowed as an asset.
61(3) 62The contingent liability of subscribers shall not be allowed as an asset.
History.-s. 688, 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. 676, 681, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1322, ch. 2003-261.
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Cited by Court Cases:
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