# Fla. Stat. § 631.715: 631.715 Florida Life and Health Insurance Guaranty Association

> Florida · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.715

## Section

- **Citation:** Fla. Stat. § 631.715
- **Heading:** 631.715 Florida Life and Health Insurance Guaranty Association
- **Jurisdiction:** Florida
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Florida Code / Title XXXVII / Chapter 631 / Part III / Section 631.715

## Text

(1) There is created a nonprofit legal entity to be known as the Florida Life and Health Insurance Guaranty Association. All member insurers shall be and remain 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 shall agree to reimburse the association for all claim payments the association makes on said insurer’s behalf if such insurer is subsequently rehabilitated. The association shall perform its functions under the plan of operation established and approved under the provisions of s. 631.721 and shall exercise its powers through a board of directors established under the provisions of s. 631.716.

(2)(a) For purposes of administration and assessment, the association shall maintain three accounts: 1. The health insurance account; 2. The life insurance account; and 3. The annuity account. (b) Borrowing between accounts for payment of policyholder and contract holder claims and other obligations of the association is authorized at the discretion of the board of directors, provided that the amounts so borrowed are restored to the appropriate accounts not less than annually.

(3) The association shall come under the immediate supervision of the department and shall be subject to the applicable provisions of the insurance laws of this state.

History: s. 5, ch. 79-189; s. 433, ch. 81-259; s. 809(1st), ch. 82-243; s. 15, ch. 89-360; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 11, ch. 92-328.

## Nearby sections

- [Fla. Stat. § 631.72 631.72 Premium or income tax credits for assessments paid.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.72.md)
- [Fla. Stat. § 631.711 631.711 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.711.md)
- [Fla. Stat. § 631.712 631.712 Purpose; construction.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.712.md)
- [Fla. Stat. § 631.713 631.713 Application of part.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.713.md)
- [Fla. Stat. § 631.714 631.714 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.714.md)
- [Fla. Stat. § 631.715 631.715 Florida Life and Health Insurance Guaranty Association.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.715.md)
- [Fla. Stat. § 631.716 631.716 Board of directors.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.716.md)
- [Fla. Stat. § 631.717 631.717 Powers and duties of the association.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.717.md)
- [Fla. Stat. § 631.718 631.718 Assessments.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.718.md)
- [Fla. Stat. § 631.721 631.721 Plan of operation.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.721.md)
- [Fla. Stat. § 631.722 631.722 Powers and duties of department and office; association contracts and purchases.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.722.md)
- [Fla. Stat. § 631.723 631.723 Prevention of insolvencies.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.723.md)
- [Fla. Stat. § 631.724 631.724 Records and meetings of association.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.724.md)
- [Fla. Stat. § 631.725 631.725 Examination of the association; annual report.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.725.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C631_PIII_S631.715. Check the current official text before relying on it. Not legal advice.