Florida Statutes 628.918 – Management of assets of captive reinsurance company
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Terms Used In Florida Statutes 628.918
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Captive reinsurance company: means a reinsurance company that is formed and licensed under this part and is wholly owned by a qualifying reinsurance parent company. See Florida Statutes 628.901
At least 35 percent of the assets of a captive reinsurance company must be managed by an asset manager domiciled in this state.