reglab/housing_qa huggingface dataset:
FL Stat § 628.041 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.041 - Applicability of general corporation statutes.

628.041 Applicability of general corporation statutes.—The applicable statutes of this state relating to the powers and procedures of domestic private corporations formed for profit shall apply to domestic stock insurers and to domestic mutual insurers, except:(1) As to any domestic mutual insurers incorporated pursuant to chapter 617, which chapter shall govern such insurers when in conflict with part I of chapter 607; and(2) When in conflict with the express provisions of this code.History.—s. 624, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 633, 665, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 55, ch. 2014-209.
FL Stat § 628.051 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.051 - Application for permit to form insurer; contents; fee.

628.051 Application for permit to form insurer; contents; fee.—(1) No domestic insurer shall be formed unless the persons so proposing have received a permit from the office.(2) Written application for such permit shall be filed with the office. Such application and filing shall include:(a) The name, type, and purpose of insurer.(b) The name, residence address, business background, and qualifications of each person associated or to be associated in the formation or financing of the insurer. Each such person with an ownership interest of 10 percent or more, or who will hold a position as an officer or director, must furnish on forms adopted by the commission and supplied by the office a sworn biographical statement, legible copies of fingerprints, and authority for release of information in regard to the investigation of such person’s background.(c) A full disclosure of the terms of all understandings and agreements existing or proposed among persons so associated relative to the insurer, or the formation or financing thereof, accompanied by a copy of each such agreement or understanding.(d) A full disclosure of the terms of all understandings and agreements existing or proposed for management or exclusive agency contracts.(e) A copy of all proposed articles or certificates of incorporation and proposed bylaws of the proposed insurer.(f) A copy of all articles or certificates of incorporation of involved corporations, if a copy of the same is not already on file in the office.(g) A copy of all syndicate, association, firm, partnership, organization, or other similar agreements, by whatever name called, involved in the formation of the proposed insurer or its financing.(h) If the applicant is a reciprocal insurer, a copy of the power of attorney and of other agreements existing or proposed as affecting investors, subscribers, the attorney in fact, or the applicant.(i) A copy of any security, or of any proposed document evidencing any right or interest, proposed to be offered.(j) Such other pertinent information and documents as reasonably requested by the commission or office.(3) The application shall be accompanied by the filing fee specified in s. 624.501.History.—s. 625, 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. 634, 665, 809(1st), ch. 82-243; ss. 67, 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1258, ch. 2003-261.
FL Stat § 628.061 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.061 - Investigation of proposed organization.

628.061 Investigation of proposed organization.—In connection with any proposal to incorporate a domestic insurer, the office shall make an investigation of:(1) The character, reputation, financial standing, and motives of the organizers, incorporators, and subscribers organizing the proposed insurer.(2) The character, financial responsibility, insurance experience, and business qualifications of its proposed officers.(3) The character, financial responsibility, business experience, and standing of the proposed stockholders and directors.History.—s. 626, 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. 635, 665, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1259, ch. 2003-261.
FL Stat § 628.071 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.071 - Granting, denial of permit.

628.071 Granting, denial of permit.—(1) The office shall expeditiously examine and investigate the application for a permit as referred to in s. 628.051. If the office finds that:(a) The application is complete;(b) The documents therewith filed are in compliance with law;(c) None of the stockholders, organizers, incorporators, subscribers, and other persons who directly or indirectly exercise or have the ability to exercise effective control of the proposed insurer or who will be involved in its management have been found guilty of, or have pleaded guilty or nolo contendere to, a felony or a crime punishable by imprisonment of 1 year or more under the law of the United States or any state thereof, or under the law of any other country, which involves moral turpitude, without regard to whether a judgment of conviction has been entered by the court having jurisdiction of such cases;(d) The proposed financial structure is adequate; and(e) All stockholders, organizers, incorporators, subscribers, and other persons who directly or indirectly exercise or have the ability to exercise effective control of the proposed insurer or who will be involved in management of the proposed insurer possess the financial standing and business experience to form an insurer;it shall issue to the applicant a permit to form the proposed insurer.(2) If the office does not so find, or finds that the insurer if formed or financed would not be able to qualify for or retain a certificate of authority by reason of the provisions of s. 624.404(3), a permit shall not be granted.(3) A permit granted under the provisions of this section shall be valid for 1 year from the date of issue, and during any extension of such period, not to exceed an additional year, as may be authorized by the office upon cause shown. The articles of incorporation and all other proceedings thereunder shall become void 1 year from the issue date of such permit or upon the expiration of such extended period, unless the formation of the proposed insurer has been completed and a certificate of authority has been issued by the office.History.—s. 627, ch. 59-205; s. 1, ch. 63-18; ss. 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 21, ch. 78-95; ss. 2, 3, ch. 81-318; ss. 636, 665, 809(1st), ch. 82-243; s. 122, ch. 83-216; s. 37, ch. 88-166; s. 48, ch. 89-360; ss. 184, 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1260, ch. 2003-261.
FL Stat § 628.081 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.081 - Incorporation of domestic insurer.

628.081 Incorporation of domestic insurer.—(1) Five or more individuals, none of whom is less than 18 years of age, may incorporate a stock insurer; 10 or more individuals, none of whom is less than 18 years of age, may incorporate a mutual insurer. At least a majority of the incorporators shall be citizens of the United States.(2) The incorporators shall execute articles of incorporation in triplicate. At least three of them shall acknowledge execution before an officer authorized to take acknowledgments.(3) The articles of incorporation shall state the purpose for which the corporation is formed and shall state and show:(a) The name of the corporation.(b) The duration of its existence, which may be perpetual.(c) The kinds of insurance which the corporation is formed to transact.(d) If a stock corporation, its authorized capital stock, the number of shares of stock into which divided, and the par value of each such share, which par value shall be at least $1 but not more than $100.(e) If a mutual corporation, the maximum contingent liability of its members, other than as to nonassessable policies, for payment of losses and expenses incurred; such liability shall be as stated in the articles of incorporation but shall not be less than 3 nor more than 10 times the premium for the member’s policy at the annual premium rate for a term of 1 year.(f) The number of directors, not less than five, who shall constitute the board of directors and conduct the affairs of the corporation. The term of office of initial directors shall not be for more than 1 year after the date of incorporation.(g) The name of the county, and the city, town, or place within the county, in which its principal office or principal place of business is to be located in this state.(h) Such other provisions, not inconsistent with law, deemed appropriate by the incorporators.(i) The name and residence address of each incorporator and the citizenship of each incorporator who is not a citizen of the United States.History.—s. 628, ch. 59-205; s. 3, ch. 76-168; s. 58, ch. 77-121; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 637, 665, 809(1st), ch. 82-243; ss. 68, 187, 188, ch. 91-108; s. 4, ch. 91-429.
FL Stat § 628.091 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.091 - Filing, approval of articles of incorporation.

628.091 Filing, approval of articles of incorporation.—(1) No domestic stock or mutual insurer shall be formed unless its articles of incorporation are approved by the office prior to filing the same with and approval by the Department of State as provided by law.(2) The incorporators shall file the triplicate originals of the articles of incorporation with the office, accompanied by the filing fee specified in s. 624.501.(3) The office shall promptly examine the articles of incorporation. If it finds that the articles of incorporation conform to law, and that a permit has been or will be issued, it shall endorse its approval on each of the triplicate originals of the articles of incorporation, retain one copy for its files, and return the remaining copies to the incorporators for filing with the Department of State.(4) If the office does not so find, it shall refuse to approve the articles of incorporation and shall return the originals.History.—s. 629, ch. 59-205; ss. 10, 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 21, ch. 78-95; ss. 2, 3, ch. 81-318; ss. 638, 665, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1261, ch. 2003-261.
FL Stat § 628.101 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.101 - Amendment of certificate of incorporation; stock insurer.

628.101 Amendment of certificate of incorporation; stock insurer.—A domestic stock insurer shall not amend its certificate of incorporation until a copy of the proposed amendment has been filed with and approved by the office. The office shall promptly examine any such proposed amendment and shall approve the same unless it finds that the proposed amendment does not comply with law.History.—s. 630, 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. 639, 665, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1262, ch. 2003-261.
FL Stat § 628.111 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.111 - Amendment of articles of incorporation; mutual insurer.

628.111 Amendment of articles of incorporation; mutual insurer.—(1) A domestic mutual insurer may amend its articles of incorporation by vote of a majority of those members present or represented by proxy at a lawful meeting of its members, if the notice given members included due notice of the proposal to amend.(2)(a) Upon adoption of the amendment, the insurer shall make in triplicate under its corporate seal a certificate thereof, setting forth the amendment and the date and manner of the adoption thereof, which certificate shall be executed by the insurer’s president or vice president and secretary or assistant secretary and acknowledged before an officer authorized to take acknowledgments. The insurer shall deliver the triplicate originals of the certificate to the office, together with the filing fee specified in s. 624.501.(b) The office shall promptly examine the certificate of amendment; and, if it finds that the certificate and the amendment comply with law, it shall endorse its approval upon each of the triplicate originals, place one on file in its office, and return the remaining sets to the insurer. The insurer shall forthwith file such endorsed certificates of amendment with the Department of State. The amendment shall be effective when filed with and approved by the Department of State.(3) If the office finds that the proposed amendment or certificate does not comply with the law, it shall not approve the same, and shall return the triplicate certificate of amendment to the insurer.History.—s. 631, ch. 59-205; ss. 10, 13, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 21, ch. 78-95; ss. 2, 3, ch. 81-318; ss. 640, 665, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1263, ch. 2003-261.
FL Stat § 628.121 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.121 - Capital stock; amount; payment.

628.121 Capital stock; amount; payment.—(1) The articles of incorporation of a stock insurer shall provide for authorized capital in an amount not less than that required under this code.(2) In the sale of the insurer’s capital stock, an amount not less than the minimum paid-in capital stock required under this code shall be paid in with money of the United States or in equivalent United States Government securities. Any additional sums paid for stock or any stock sold after the minimum required capital has been so paid in in money may be in the form of any type of securities in which the insurer is authorized to invest its funds under part II of chapter 625.History.—s. 632, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 641, 665, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.
FL Stat § 628.131 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.131 - Limitation on organization and stock sales expenses.

628.131 Limitation on organization and stock sales expenses.—(1) The total expense involved in the incorporation and financing of a new domestic stock insurer, including incorporation fees, underwriting fees and costs, attorneys’ fees, printing costs, and other services and costs, shall not exceed 15 percent of the funds actually received by or on behalf of the corporation from the sale of its securities.(2) No president, vice president, secretary, treasurer, director, or other executive officer of any such insurer shall participate, either directly or indirectly, in the commissions of any person selling or negotiating the sale of any security of such an insurer.History.—s. 633, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 642, 665, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.
FL Stat § 628.151 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.151 - Insurance business exclusive.

628.151 Insurance business exclusive.—(1) No domestic insurer shall engage directly or indirectly in any business other than the insurance business and business activities reasonably and necessarily incidental to such insurance business.(2) A title insurer may also engage in business as an escrow agent; and any insurer may also engage in the business of making, acquiring, selling, dealing in, and servicing of real estate mortgage loans and loans incidental thereto.(3) A business trust whose declaration of trust was filed with the Secretary of State of Florida prior to January 1, 1959, and which, at the time of the adoption of this code, held a certificate of authority as a title insurer may qualify as an insurer for lawyers’ professional liability insurance by complying with the applicable provisions of this code.History.—s. 635, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 644, 665, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.
FL Stat § 628.152 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.152 - Domestic stock insurers; proxies, consents, and authorizations with respect to any voting security.

628.152 Domestic stock insurers; proxies, consents, and authorizations with respect to any voting security.—(1) The commission may, by rule, prescribe the form, content, and manner of solicitation of any proxy, consent, or authorization with respect to any voting security issued by a domestic stock insurer, as may be necessary or appropriate in the public interest or for the proper protection of investors in the voting securities issued by such insurer or to ensure the fair dealing in such voting securities.(2) No person and no domestic stock insurer or any director, officer, or employee of such insurer shall solicit or permit the use of his or her name to solicit, by mail or otherwise, any person to give any proxy, consent, or authorization with respect to any voting security in contravention of any such rule.(3) Any proxy or consent obtained in violation of this section is void. The domestic stock insurer, any stockholder of record, or the office may enforce compliance with this section, by an appropriate civil action.(4) This section shall not apply to voting securities registered pursuant to s. 12 of the Securities Exchange Act of 1934, as amended.(5) “Voting security” means any instrument which, in law or by contract, gives the holder the right to vote, consent to, or authorize any corporate action.History.—s. 1, ch. 65-213; ss. 13, 35, ch. 69-106; s. 2, ch. 71-87; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 645, 665, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 380, ch. 97-102; s. 1264, ch. 2003-261.
FL Stat § 628.171 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.171 - Formation of mutual insurer; bond.

628.171 Formation of mutual insurer; bond.—The incorporators of the proposed insurer shall file with the office a copy of a fidelity bond or insurance policy providing coverage in an amount equal to not less than 10 percent of the funds handled annually and issued in the name of the insurer covering its directors, employees, administrator, or other individuals managing or handling the funds or assets of the insurer. In no case may such bond or policy be less than $1,000 or more than $500,000.History.—s. 637, 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. 647, 665, 809(1st), ch. 82-243; ss. 70, 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1266, ch. 2003-261.
FL Stat § 628.221 (2021)
2021 Florida Statutes|Title XXXVII - Insurance|Chapter 628 - Stock and Mutual Insurers; Holding Companies|Part I - Stock and Mutual Insurers: Organization and Corporate Procedures (Ss. 628.011-628.535)|628.221 - Bylaws of mutual insurer.

628.221 Bylaws of mutual insurer.—(1) The initial board of directors of a domestic mutual insurer shall adopt original bylaws, subject to the approval of the insurer’s members at the next succeeding meeting. The members shall have power to make, modify, and revoke bylaws.(2) The bylaws shall provide:(a) That each member is entitled to one vote upon each matter coming to a vote at meetings of members, or to more votes in accordance with a reasonable classification of members as set forth in the bylaws and based upon the amount of insurance in force, or upon the amount of the premiums paid by such member, or upon other reasonable factors. A member shall have the right to vote in person or by his or her written proxy. No such proxy shall be made irrevocable or for longer than a reasonable period of time;(b) For the election of directors by the members and the number, qualifications, terms of office, and powers of the directors;(c) The time, notice, quorum, and conduct of annual and special meetings of members and voting thereat. The bylaws may provide that the annual meeting shall be held at a place, date, and time to be set forth in the policy and without giving other notice of such meeting;(d) The number, designation, election, terms, and powers and duties of the respective corporate officer;(e) For deposit, custody, and disbursement of and accounting for corporate funds;(f) That a quorum at all annual and special meetings of members will consist of all members present and voting in person or by proxy, after due notice of such meeting;(g) For any other reasonable provisions customary, necessary, or convenient for the management or regulation of its corporate affairs and not inconsistent with law.(3) The insurer shall promptly file with the office a copy, certified by the insurer’s secretary, of its bylaws and of every modification thereof or addition thereto. The office shall disapprove any bylaw provision deemed by it to be unlawful, unreasonable, inadequate, unfair, or detrimental to the proper interests or protection of the insurer’s members or any class thereof. The insurer shall not, after receiving written notice of such disapproval and during the existence thereof, effectuate any bylaw provision so disapproved.History.—s. 642, 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. 650, 665, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 381, ch. 97-102; s. 1267, ch. 2003-261.