Florida Statutes 632.623 – Investments
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Florida Statutes 632.623
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Laws: shall mean the society's articles of incorporation, constitution and bylaws, however designated. See Florida Statutes 632.604
- Society: shall mean fraternal benefit society, unless otherwise indicated. See Florida Statutes 632.604
A society shall invest its funds only in such investments as are authorized by the laws of this state for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this state which invests its funds in accordance with the laws of the state, district, territory, country, or province in which it is incorporated, shall be held to meet the requirements of this section for the investment of funds.