# Fla. Stat. § 635.011: 635.011 Definitions

> Florida · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C635_S635.011

## Section

- **Citation:** Fla. Stat. § 635.011
- **Heading:** 635.011 Definitions
- **Jurisdiction:** Florida
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Florida Code / Title XXXVII / Chapter 635 / Section 635.011

## Text

As used in this chapter, the term:

(1) “Mortgage guaranty insurance” means a form of casualty insurance insuring lenders against: (a) Financial loss by reason of nonpayment of principal, interest, and other sums agreed to be paid under the terms of any note, bond, or other evidence of indebtedness secured by a mortgage, deed of trust, or other instrument constituting a lien or charge on real estate which contains a residential building or a building designed to be occupied for industrial or commercial purposes. (b) Financial loss by reason of nonpayment of rent and other sums agreed to be paid under the terms of a written lease for the possession, use, or occupancy of real estate, provided such real estate is designed to be occupied for industrial or commercial purposes.

(2) “Contingency reserve” means a special premium reserve which is in addition to other premium reserves required by law and which is established for the protection of policyholders against the effect of adverse economic cycles.

History: s. 1, ch. 59-182; ss. 13, 35, ch. 69-106; s. 1, ch. 71-151; s. 269, ch. 71-377; s. 2, ch. 81-318; ss. 1, 11, 12, ch. 83-281; ss. 1, 5, ch. 93-21; s. 1517, ch. 2003-261.

## Nearby sections

- [Fla. Stat. § 635.011 635.011 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C635_S635.011.md)
- [Fla. Stat. § 635.021 635.021 Authority to transact mortgage guaranty insurance.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C635_S635.021.md)
- [Fla. Stat. § 635.031 635.031 Additional limitations.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C635_S635.031.md)
- [Fla. Stat. § 635.041 635.041 Contingency reserve.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C635_S635.041.md)
- [Fla. Stat. § 635.042 635.042 Minimum surplus requirement.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C635_S635.042.md)
- [Fla. Stat. § 635.051 635.051 Licensing and appointment of mortgage guaranty insurance agents.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C635_S635.051.md)
- [Fla. Stat. § 635.061 635.061 Premium cost.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C635_S635.061.md)
- [Fla. Stat. § 635.071 635.071 Filings, approval of forms; rate filings.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C635_S635.071.md)
- [Fla. Stat. § 635.075 635.075 Restoration of property.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C635_S635.075.md)
- [Fla. Stat. § 635.081 635.081 Administration and enforcement.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C635_S635.081.md)
- [Fla. Stat. § 635.091 635.091 Provisions of Florida Insurance Code applicable to mortgage guaranty insurance.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C635_S635.091.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVII_C635_S635.011. Check the current official text before relying on it. Not legal advice.