The 2023 Florida Statutes (including Special Session C)

Title XXXVII
INSURANCE

Chapter 631
INSURER INSOLVENCY; GUARANTY OF PAYMENT

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F.S. 631.55

631.55 Creation of the association.—

(1) There is created a nonprofit corporation to be known as the “Florida Insurance Guaranty Association, Incorporated.” All insurers defined as member insurers in s. 631.54 shall be members of the association as a condition of their authority to transact insurance in this state, and, further, as a condition of such authority, an insurer must agree to reimburse the association for all claim payments the association makes on the insurer’s behalf if such insurer is subsequently rehabilitated. The association shall perform its functions under a plan of operation established and approved under s. 631.58 and shall exercise its powers through a board of directors established under s. 631.56. The corporation shall have all those powers granted or permitted nonprofit corporations, as provided in chapter 617.

(2) For the purposes of administration and assessment, the association shall be divided into two separate accounts:

(a) The auto liability and auto physical damage account.

(b) The account for all other insurance to which this part applies.

History.—s. 6, ch. 70-20; s. 117, ch. 79-40; s. 809(1st), ch. 82-243; s. 14, ch. 89-360; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 4, ch. 92-345; s. 18, ch. 97-262; s. 1353, ch. 2003-261; s. 33, ch. 2006-12; s. 3, ch. 2010-49; s. 5, ch. 2015-65.

F.S. 631.55 on Google Scholar

F.S. 631.55 on Casetext

Amendments to 631.55

Arrestable Offenses / Crimes under Fla. Stat. 631.55

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 631.55.

Annotations, Discussions, Cases:

Cases from cite.case.law:

DE LA FUENTE, v. FLORIDA INSURANCE GUARANTY ASSOCIATION,, 202 So. 3d 396 (Fla. 2016)

. . . .” § 631.55, Fla. Stat. (2011). . . . See §§ 631.55-.57, Fla. Stat. The insurer’s insolvency triggers FIGA’s statutory duties. . . .

FLORIDA INSURANCE GUARANTY, v. SILL, 154 So. 3d 422 (Fla. Dist. Ct. App. 2014)

. . . Devon Neighborhood Ass’n, 67 So.3d 187, 189 (Fla.2011); see §§ 631.51, 631.55, Fla. Stat. (2011). . . . .

FLORIDA INSURANCE GUARANTY, v. MAROULIS, 153 So. 3d 298 (Fla. Dist. Ct. App. 2014)

. . . Devon Neighborhood Ass’n, 67 So.3d 187, 189 (Fla.2011); see §§ 631.51, 631.55, Fla. Stat. (2011). . . . .

FLORIDA INSURANCE GUARANTY, v. RODRIGUEZ, 153 So. 3d 301 (Fla. Dist. Ct. App. 2014)

. . . Devon Neighborhood Ass’n, 67 So.3d 187, 189 (Fla.2011); see §§ 631.51, 631.55, Fla. Stat. (2011). . . . .

FLORIDA INSURANCE GUARANTY ASSOCIATION, v. SANTOS, 148 So. 3d 837 (Fla. Dist. Ct. App. 2014)

. . . Devon Neighborhood Ass’n, 67 So.3d 187, 189 (Fla.2011); see §§ 631.51, 631.55, Fla. Stat. (2011). . . .

FLORIDA INSURANCE GUARANTY, v. REYNOLDS, 148 So. 3d 840 (Fla. Dist. Ct. App. 2014)

. . . Devon Neighborhood Ass’n, 67 So.3d 187, 189 (Fla.2011); see §§ 631.51, 631.55, Fla. Stat. (2011). . . . .

FLORIDA INSURANCE GUARANTY ASSOCIATION, v. BRANCO, 148 So. 3d 488 (Fla. Dist. Ct. App. 2014)

. . . Devon Neighborhood Ass'n, 67 So.3d 187, 189 (Fla.2011); see §§ 631.51, 631.55, Fla. Stat. (2011). . . . .

FLORIDA INSURANCE GUARANTY ASSOCIATION, INC. f k a v. BERNARD,, 140 So. 3d 1023 (Fla. Dist. Ct. App. 2014)

. . . The FIGA Act created FIGA in section 631.55, Florida Statutes, and established its powers and duties . . .

FLORIDA INSURANCE GUARANTY ASSOCIATION, INC. v. KARELAS, 106 So. 3d 1 (Fla. Dist. Ct. App. 2012)

. . . Ass’n, 46 So.3d 1039, 1041 (Fla. 4th DCA 2010) ("Section 631.55(1) mandated the creation of FIGA, and . . .

FLORIDA INSURANCE GUARANTY ASSOCIATION, v. B. T. OF SUNRISE CONDOMINIUM ASSOCIATION, INC., 46 So. 3d 1039 (Fla. Dist. Ct. App. 2010)

. . . Section 631.55(1) mandated the creation of FIGA, and section 631.51(1) provides that its purpose is to . . .

FLORIDA INSURANCE GUARANTY ASSOCIATION, INC. Co. v. ALL THE WAY WITH BILL VERNAY, INC., 864 So. 2d 1126 (Fla. Dist. Ct. App. 2003)

. . . See § 631.55 (creating FIGA as a nonprofit corporation that shall have the powers and duties defined . . .

FALCON TERMITE PEST CONTROL, INC. v. FLORIDA INSURANCE GUARANTY ASSOCIATION,, 589 So. 2d 331 (Fla. Dist. Ct. App. 1991)

. . . Sections 631.55, 631.57, Fla.Stat. (1989). . . .

MARTINO, v. FLORIDA INSURANCE GUARANTY ASSOCIATION,, 383 So. 2d 942 (Fla. Dist. Ct. App. 1980)

. . . The Florida Insurance Guaranty Association is a non-profit corporation created by statute —§ 631.55, . . .

GAULDEN v. FLORIDA INSURANCE GUARANTY ASSOCIATION, INCORPORATED,, 372 So. 2d 190 (Fla. Dist. Ct. App. 1979)

. . . See Section 631.55, Florida Statutes (1977). . . .

J. HARTNETT, v. RIVERON, T., 361 So. 2d 749 (Fla. Dist. Ct. App. 1978)

. . . Under Sections 631.50, 631.55, 631.57(3)(a), Florida Statutes (1977), the Southern American Fire Insurance . . .

FLORIDA INSURANCE GUARANTY ASSOCIATION, INC. v. W. DOLAN,, 355 So. 2d 141 (Fla. Dist. Ct. App. 1978)

. . . . § 631.55 and § 631.53. . . .