{"data":{"id":"us-fl/fla.-stat.-628.341","jurisdiction":"us-fl","citation":"Fla. Stat. § 628.341","heading":"Nonassessable policies; mutual insurers.","body":"(1) While possessing surplus funds in amount not less than the paid-in capital stock required of a domestic stock insurer transacting like kinds of insurance, a domestic mutual insurer may, upon receipt of the order of the office so authorizing, extinguish the contingent liability of its members as to all its policies in force and may omit provisions imposing contingent liability in all its policies currently issued so long as such surplus funds meet such requirement as to amount.\n(2) A foreign or alien mutual insurer may issue nonassessable policies to its members in this state pursuant to its articles of incorporation and the laws of its domicile.\nHistory.—s. 654, 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. 665, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1273, ch. 2003-261.","path":["CHAPTER 628 STOCK AND MUTUAL INSURERS; HOLDING COMPANIES"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0628/0628.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:10:51Z","sha256":"b1f2b54e6ebf95b6f8e9b74ee34ec23487555888a812a383c34df1bf54f951b6","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-628.301","next":"us-fl/fla.-stat.-628.351"},"notice":"GroundRules: Original legal text. Not legal advice."}