SECTION 631.081. Grounds for conservation; alien insurers.

Latest version.

1The department may apply to the court for an order appointing it as receiver or ancillary receiver, and directing it to conserve the assets within this state, of any alien insurer upon any of the following grounds:
38(1) 39Upon any of the grounds specified in s. 47631.051 48or s. 50631.061;
51(2) 52Upon the ground that the insurer has failed to comply, within the time designated by the office, with an order made by it to make good an impairment of its trusteed funds; or
85(3) 86Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.

History.-s. 724, ch. 59-205; ss. 13, 35, ch. 69-106; s. 809(1st), ch. 82-243; ss. 184, 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1345, ch. 2003-261.

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